LGT Financial Advisors LLC lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 40.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 514 shares of the company’s stock after selling 346 shares during the quarter. LGT Financial Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $46,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of ICVT. Columbia River Financial Group LLC bought a new position in iShares Convertible Bond ETF in the 1st quarter valued at about $29,000. Wealth Preservation Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $29,000. Cape Investment Advisory Inc. increased its stake in shares of iShares Convertible Bond ETF by 171.0% during the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after purchasing an additional 224 shares during the period. Anderson Financial Strategies LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth approximately $39,000. Finally, Sunbelt Securities Inc. boosted its stake in iShares Convertible Bond ETF by 76.1% in the 1st quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock valued at $42,000 after purchasing an additional 217 shares during the period.
iShares Convertible Bond ETF Stock Up 20.5%
Shares of BATS ICVT opened at $102.59 on Tuesday. The stock’s fifty day moving average price is $97.59 and its two-hundred day moving average price is $91.00. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29.
About iShares Convertible Bond ETF
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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