Horst & Graben Wealth Management LLC Sells 5,608 Shares of iShares Convertible Bond ETF $ICVT

Horst & Graben Wealth Management LLC decreased its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 33.2% during the first quarter, Holdings Channel reports. The fund owned 11,278 shares of the company’s stock after selling 5,608 shares during the period. Horst & Graben Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $1,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC grew its stake in iShares Convertible Bond ETF by 94.8% in the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after purchasing an additional 181 shares during the period. Sunbelt Securities Inc. lifted its position in iShares Convertible Bond ETF by 36.5% during the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after buying an additional 104 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after buying an additional 376 shares in the last quarter. Cape Investment Advisory Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 73.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock valued at $61,000 after buying an additional 258 shares in the last quarter. Finally, NBT Bank N A NY grew its position in shares of iShares Convertible Bond ETF by 527.3% in the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after buying an additional 522 shares during the period.

iShares Convertible Bond ETF Trading Down 1.6%

Shares of iShares Convertible Bond ETF stock opened at $116.30 on Wednesday. iShares Convertible Bond ETF has a 1 year low of $89.91 and a 1 year high of $126.56. The company has a 50-day moving average of $118.78 and a 200 day moving average of $109.19.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.