Goldman Sachs Group Inc. Trims Stock Holdings in iShares Convertible Bond ETF $ICVT

Goldman Sachs Group Inc. lowered its position in iShares Convertible Bond ETF (BATS:ICVT) by 7.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 936,900 shares of the company’s stock after selling 73,600 shares during the quarter. Goldman Sachs Group Inc.’s holdings in iShares Convertible Bond ETF were worth $92,285,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allianz Asset Management GmbH purchased a new stake in iShares Convertible Bond ETF in the third quarter valued at approximately $2,701,000. AMG National Trust Bank lifted its stake in iShares Convertible Bond ETF by 1.8% in the third quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock valued at $49,652,000 after buying an additional 8,715 shares during the last quarter. Cassilly Financial Group LLC purchased a new stake in iShares Convertible Bond ETF in the fourth quarter valued at approximately $824,000. Arete Wealth Advisors LLC lifted its stake in iShares Convertible Bond ETF by 328.4% in the third quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock valued at $1,051,000 after buying an additional 8,047 shares during the last quarter. Finally, Ascent Group LLC lifted its stake in iShares Convertible Bond ETF by 25.8% in the fourth quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock valued at $3,035,000 after buying an additional 6,314 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 0.7%

Shares of BATS ICVT opened at $117.37 on Wednesday. iShares Convertible Bond ETF has a twelve month low of $87.43 and a twelve month high of $124.22. The stock has a 50 day moving average of $113.70 and a two-hundred day moving average of $106.18.

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.