Prestige Wealth Management Group LLC trimmed its holdings in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 7.9% in the 4th quarter, Holdings Channel reports. The fund owned 295,019 shares of the company’s stock after selling 25,173 shares during the quarter. iShares Convertible Bond ETF comprises 5.5% of Prestige Wealth Management Group LLC’s portfolio, making the stock its 2nd biggest holding. Prestige Wealth Management Group LLC’s holdings in iShares Convertible Bond ETF were worth $29,059,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ICVT. Focus Partners Wealth bought a new position in iShares Convertible Bond ETF in the first quarter worth $663,000. Creative Planning bought a new position in iShares Convertible Bond ETF in the second quarter worth $350,000. Qube Research & Technologies Ltd lifted its position in iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock worth $300,000 after purchasing an additional 1,969 shares during the period. BNP Paribas Financial Markets lifted its position in iShares Convertible Bond ETF by 137.1% in the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock worth $4,871,000 after purchasing an additional 31,263 shares during the period. Finally, MML Investors Services LLC lifted its position in iShares Convertible Bond ETF by 7.5% in the second quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock worth $12,959,000 after purchasing an additional 9,991 shares during the period.
iShares Convertible Bond ETF Stock Up 0.1%
Shares of ICVT stock opened at $122.80 on Friday. iShares Convertible Bond ETF has a one year low of $87.43 and a one year high of $124.22. The stock has a fifty day moving average price of $112.78 and a 200 day moving average price of $105.75.
iShares Convertible Bond ETF Company 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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.
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Want to see what other hedge funds are holding ICVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Convertible Bond ETF (BATS:ICVT – Free Report).
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