Mid Atlantic Financial Management Inc. ADV Takes Position in iShares Convertible Bond ETF (BATS:ICVT)

Mid Atlantic Financial Management Inc. ADV purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 4,822 shares of the company’s stock, valued at approximately $492,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Citigroup Inc. lifted its position in shares of iShares Convertible Bond ETF by 111,731.8% during the first quarter. Citigroup Inc. now owns 1,000,895 shares of the company’s stock worth $98,308,000 after purchasing an additional 1,000,000 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Convertible Bond ETF by 1,236.8% in the first quarter. JPMorgan Chase & Co. now owns 752,904 shares of the company’s stock worth $73,950,000 after acquiring an additional 696,581 shares in the last quarter. Bank of Nova Scotia purchased a new position in iShares Convertible Bond ETF in the first quarter valued at about $39,809,000. Alliancebernstein L.P. grew its stake in iShares Convertible Bond ETF by 9.1% during the 2nd quarter. Alliancebernstein L.P. now owns 334,582 shares of the company’s stock valued at $34,117,000 after purchasing an additional 27,827 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its holdings in iShares Convertible Bond ETF by 3,122.4% during the 2nd quarter. IndexIQ Advisors LLC now owns 288,627 shares of the company’s stock worth $29,431,000 after purchasing an additional 279,670 shares during the last quarter.

Shares of BATS:ICVT opened at $101.98 on Friday. The company has a fifty day simple moving average of $100.50 and a 200 day simple moving average of $99.85. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

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Institutional Ownership by Quarter for iShares Convertible Bond ETF (BATS:ICVT)

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