Fulcrum Equity Management bought a new position in iShares Convertible Bond ETF (BATS:ICVT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,566 shares of the company’s stock, valued at approximately $1,431,000.
A number of other hedge funds have also recently modified their holdings of ICVT. Jane Street Group LLC increased its position in iShares Convertible Bond ETF by 603.0% in the 3rd quarter. Jane Street Group LLC now owns 1,763,697 shares of the company’s stock worth $142,419,000 after purchasing an additional 1,512,821 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in iShares Convertible Bond ETF in the 4th quarter worth about $111,033,000. FormulaFolio Investments LLC boosted its stake in shares of iShares Convertible Bond ETF by 43.9% during the 4th quarter. FormulaFolio Investments LLC now owns 1,216,469 shares of the company’s stock worth $117,450,000 after acquiring an additional 370,992 shares in the last quarter. Trilogy Capital Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $10,690,000. Finally, Ferguson Shapiro LLC bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter worth about $10,657,000.
Shares of ICVT traded down $0.87 during trading hours on Thursday, hitting $100.14. 836,871 shares of the company were exchanged. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18. The firm’s 50 day moving average is $101.57 and its 200-day moving average is $94.77.
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