New York Life Investment Management LLC Sells 62,239 Shares of iShares Convertible Bond ETF $ICVT

New York Life Investment Management LLC decreased its position in iShares Convertible Bond ETF (BATS:ICVT) by 13.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 394,152 shares of the company’s stock after selling 62,239 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares Convertible Bond ETF were worth $39,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ICVT. Envestnet Asset Management Inc. boosted its holdings in iShares Convertible Bond ETF by 33.8% during the third quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock worth $124,956,000 after purchasing an additional 315,685 shares during the last quarter. Ocean Park Asset Management LLC bought a new position in shares of iShares Convertible Bond ETF during the 3rd quarter worth approximately $22,001,000. Independence Financial Advisors LLC lifted its position in shares of iShares Convertible Bond ETF by 244.1% during the 3rd quarter. Independence Financial Advisors LLC now owns 118,255 shares of the company’s stock worth $11,831,000 after buying an additional 83,886 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the second quarter valued at approximately $7,513,000. Finally, Systelligence LLC increased its position in shares of iShares Convertible Bond ETF by 103.2% during the second quarter. Systelligence LLC now owns 161,188 shares of the company’s stock valued at $14,523,000 after acquiring an additional 81,860 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $104.15 on Monday. The stock’s fifty day simple moving average is $101.29 and its two-hundred day simple moving average is $99.01. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.