iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by Independent Wealth Network Inc.

Independent Wealth Network Inc. trimmed its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,785 shares of the company’s stock after selling 137 shares during the quarter. Independent Wealth Network Inc.’s holdings in iShares Convertible Bond ETF were worth $567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ICVT. Farther Finance Advisors LLC boosted its position in shares of iShares Convertible Bond ETF by 1.2% in the 1st quarter. Farther Finance Advisors LLC now owns 10,849 shares of the company’s stock valued at $908,000 after purchasing an additional 130 shares during the period. Capital Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 0.4% in the 1st quarter. Capital Wealth Management LLC now owns 37,677 shares of the company’s stock valued at $3,150,000 after purchasing an additional 147 shares during the period. SigFig Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 1.9% in the 1st quarter. SigFig Wealth Management LLC now owns 8,309 shares of the company’s stock valued at $698,000 after purchasing an additional 154 shares during the period. First Horizon Advisors Inc. boosted its position in shares of iShares Convertible Bond ETF by 7.6% in the 1st quarter. First Horizon Advisors Inc. now owns 2,465 shares of the company’s stock valued at $206,000 after purchasing an additional 175 shares during the period. Finally, Alterna Wealth Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 7.2% in the 1st quarter. Alterna Wealth Management Inc. now owns 2,785 shares of the company’s stock valued at $233,000 after purchasing an additional 187 shares during the period.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT opened at $92.69 on Friday. The business has a 50-day moving average price of $88.62 and a 200 day moving average price of $86.34. iShares Convertible Bond ETF has a 52-week low of $75.97 and a 52-week high of $92.83.

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.