Blue Trust Inc. lowered its stake in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 47.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,106 shares of the company’s stock after selling 5,533 shares during the quarter. Blue Trust Inc.’s holdings in iShares Convertible Bond ETF were worth $550,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Sax Wealth Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at $225,000. Friedenthal Financial bought a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at $4,289,000. Simplicity Wealth LLC increased its stake in shares of iShares Convertible Bond ETF by 55.8% in the 2nd quarter. Simplicity Wealth LLC now owns 13,048 shares of the company’s stock valued at $1,176,000 after acquiring an additional 4,671 shares in the last quarter. Brueske Advisory Services LLC bought a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at $207,000. Finally, Greenleaf Trust increased its stake in shares of iShares Convertible Bond ETF by 0.5% in the 2nd quarter. Greenleaf Trust now owns 445,280 shares of the company’s stock valued at $40,120,000 after acquiring an additional 2,151 shares in the last quarter.
iShares Convertible Bond ETF Trading Up 17.9%
BATS:ICVT opened at $100.40 on Monday. The company has a fifty day moving average of $96.32 and a 200-day moving average of $90.25. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $93.29.
iShares Convertible Bond ETF Profile
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.
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