Capital Wealth Management LLC Decreases Position in iShares Convertible Bond ETF (BATS:ICVT)

Capital Wealth Management LLC reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,530 shares of the company’s stock after selling 2,491 shares during the quarter. iShares Convertible Bond ETF accounts for approximately 1.4% of Capital Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Capital Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $3,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in iShares Convertible Bond ETF by 27.1% during the 2nd quarter. AE Wealth Management LLC now owns 8,066 shares of the company’s stock valued at $634,000 after buying an additional 1,721 shares during the last quarter. 1832 Asset Management L.P. boosted its holdings in shares of iShares Convertible Bond ETF by 162.9% during the second quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after purchasing an additional 452,039 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the last quarter. Certified Advisory Corp purchased a new position in iShares Convertible Bond ETF during the 2nd quarter valued at about $12,818,000. Finally, Bank of Montreal Can raised its position in iShares Convertible Bond ETF by 857.2% during the 2nd quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock valued at $2,088,000 after purchasing an additional 23,632 shares during the last quarter.

iShares Convertible Bond ETF Trading Up 2.2 %

Shares of ICVT stock opened at $87.01 on Monday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The business’s 50 day moving average price is $87.09 and its 200-day moving average price is $83.52.

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.