Advisors Preferred LLC Sells 4,201 Shares of iShares Convertible Bond ETF $ICVT

Advisors Preferred LLC cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 60.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,742 shares of the company’s stock after selling 4,201 shares during the quarter. Advisors Preferred LLC’s holdings in iShares Convertible Bond ETF were worth $245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Savvy Advisors Inc. boosted its holdings in iShares Convertible Bond ETF by 2.1% during the 2nd quarter. Savvy Advisors Inc. now owns 8,128 shares of the company’s stock valued at $732,000 after acquiring an additional 166 shares during the period. Hantz Financial Services Inc. bought a new position in iShares Convertible Bond ETF during the 2nd quarter valued at approximately $84,000. New York Life Investment Management LLC raised its position in iShares Convertible Bond ETF by 3.7% during the 2nd quarter. New York Life Investment Management LLC now owns 456,391 shares of the company’s stock valued at $41,121,000 after purchasing an additional 16,440 shares during the last quarter. Wealthfront Advisers LLC raised its position in iShares Convertible Bond ETF by 9.0% during the 2nd quarter. Wealthfront Advisers LLC now owns 4,916 shares of the company’s stock valued at $443,000 after purchasing an additional 406 shares during the last quarter. Finally, Prentice Wealth Management LLC bought a new position in iShares Convertible Bond ETF during the 2nd quarter valued at approximately $211,000.

iShares Convertible Bond ETF Stock Up 21.6%

ICVT opened at $103.50 on Tuesday. The business has a 50 day simple moving average of $99.52 and a two-hundred day simple moving average of $92.75. iShares Convertible Bond ETF has a one year low of $75.97 and a one year 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.