KFG Wealth Management LLC Sells 7,101 Shares of iShares Convertible Bond ETF $ICVT

KFG Wealth Management LLC lowered its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 61.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,512 shares of the company’s stock after selling 7,101 shares during the quarter. KFG Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in iShares Convertible Bond ETF by 3.2% during the third quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock valued at $264,864,000 after purchasing an additional 82,318 shares in the last quarter. Envestnet Asset Management Inc. boosted its position 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 valued at $124,956,000 after purchasing an additional 315,685 shares in the last quarter. AMG National Trust Bank boosted its position in iShares Convertible Bond ETF by 1.8% during the third quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock valued at $49,652,000 after purchasing an additional 8,715 shares in the last quarter. Advisory Alpha LLC boosted its position in iShares Convertible Bond ETF by 3.6% during the third quarter. Advisory Alpha LLC now owns 449,503 shares of the company’s stock valued at $45,672,000 after purchasing an additional 15,566 shares in the last quarter. Finally, Greenleaf Trust boosted its position in iShares Convertible Bond ETF by 0.5% during the third quarter. Greenleaf Trust now owns 447,550 shares of the company’s stock valued at $44,777,000 after purchasing an additional 2,270 shares in the last quarter.

iShares Convertible Bond ETF Stock Up 0.6%

Shares of ICVT stock opened at $104.53 on Wednesday. iShares Convertible Bond ETF has a 1-year low of $77.43 and a 1-year high of $106.32. The stock’s 50-day moving average is $103.81 and its 200 day moving average is $101.87.

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.