Mirae Asset Global Investments Co. Ltd. Acquires New Holdings in iShares Convertible Bond ETF $ICVT

Mirae Asset Global Investments Co. Ltd. purchased a new position in iShares Convertible Bond ETF (BATS:ICVT) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,000 shares of the company’s stock, valued at approximately $2,823,000. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of iShares Convertible Bond ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICVT. Vise Technologies Inc. lifted its position in iShares Convertible Bond ETF by 406.6% during the 3rd quarter. Vise Technologies Inc. now owns 51,235 shares of the company’s stock worth $5,786,000 after acquiring an additional 41,122 shares during the last quarter. Modera Wealth Management LLC acquired a new position in iShares Convertible Bond ETF during the 3rd quarter valued at $538,000. D.A. Davidson & CO. bought a new position in shares of iShares Convertible Bond ETF during the 3rd quarter worth about $2,168,000. Capital Wealth Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 4.8% in the third quarter. Capital Wealth Management LLC now owns 55,063 shares of the company’s stock valued at $6,218,000 after buying an additional 2,507 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in iShares Convertible Bond ETF in the 3rd quarter valued at approximately $714,000.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT traded up $1.17 during trading hours on Friday, reaching $101.68. The stock had a trading volume of 2,692,911 shares, compared to its average volume of 773,620. The business’s fifty day moving average is $110.42 and its two-hundred day moving average is $111.58. iShares Convertible Bond ETF has a twelve month low of $94.41 and a twelve month high of $126.56.

About iShares Convertible Bond ETF

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.