NewEdge Advisors LLC cut its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 26.4% in the 1st quarter, HoldingsChannel reports. The firm owned 65,210 shares of the company’s stock after selling 23,416 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $6,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the business. Strategic Advocates LLC increased its holdings in iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after acquiring an additional 104 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of iShares Convertible Bond ETF during the 1st quarter valued at approximately $58,000. CIBC Private Wealth Group LLC grew its position in shares of iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after acquiring an additional 376 shares during the period. Finally, NBT Bank N A NY increased its stake in shares of iShares Convertible Bond ETF by 527.3% during the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after purchasing an additional 522 shares during the last quarter.
iShares Convertible Bond ETF Stock Performance
Shares of ICVT stock opened at $115.14 on Tuesday. The company has a 50 day moving average of $117.87 and a 200-day moving average of $111.59. iShares Convertible Bond ETF has a 12-month low of $91.56 and a 12-month high of $126.56.
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. 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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