Webster Bank N. A. Has $615,000 Stake in iShares Convertible Bond ETF $ICVT

Webster Bank N. A. increased its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 1,320.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,039 shares of the company’s stock after buying an additional 5,614 shares during the period. Webster Bank N. A.’s holdings in iShares Convertible Bond ETF were worth $615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ocean Park Asset Management LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth $42,772,000. Tradewinds Capital Management LLC lifted its stake in shares of iShares Convertible Bond ETF by 9,488.8% in the 4th quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock valued at $18,682,000 after purchasing an additional 187,688 shares during the period. LPL Financial LLC lifted its stake in shares of iShares Convertible Bond ETF by 20.2% in the 4th quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after purchasing an additional 174,077 shares during the period. Systelligence LLC boosted its position in shares of iShares Convertible Bond ETF by 168.1% in the 4th quarter. Systelligence LLC now owns 219,777 shares of the company’s stock worth $21,648,000 after purchasing an additional 137,808 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter worth $13,564,000.

iShares Convertible Bond ETF Stock Up 0.0%

Shares of iShares Convertible Bond ETF stock opened at $124.27 on Tuesday. iShares Convertible Bond ETF has a 12 month low of $87.43 and a 12 month high of $126.56. The business has a fifty day simple moving average of $116.90 and a 200 day simple moving average of $107.65.

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.