iShares Convertible Bond ETF $ICVT Stake Cut by Pictet North America Advisors SA

Pictet North America Advisors SA cut its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 96.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,660 shares of the company’s stock after selling 247,134 shares during the period. Pictet North America Advisors SA’s holdings in iShares Convertible Bond ETF were worth $780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Capital Analysts LLC lifted its stake in iShares Convertible Bond ETF by 3.0% in the first quarter. Capital Analysts LLC now owns 4,407 shares of the company’s stock valued at $369,000 after buying an additional 129 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in iShares Convertible Bond ETF by 1.2% in the first quarter. Farther Finance Advisors LLC now owns 10,849 shares of the company’s stock valued at $908,000 after buying an additional 130 shares during the last quarter. Barnes Wealth Management Group Inc lifted its stake in iShares Convertible Bond ETF by 4.3% in the first quarter. Barnes Wealth Management Group Inc now owns 3,283 shares of the company’s stock valued at $274,000 after buying an additional 134 shares during the last quarter. Capital Wealth Management LLC lifted its stake in iShares Convertible Bond ETF by 0.4% in the first quarter. Capital Wealth Management LLC now owns 37,677 shares of the company’s stock valued at $3,150,000 after buying an additional 147 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in iShares Convertible Bond ETF by 4.3% in the first quarter. Csenge Advisory Group now owns 3,593 shares of the company’s stock valued at $293,000 after buying an additional 148 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $100.21 on Tuesday. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29. The stock’s fifty day moving average is $94.02 and its 200-day moving average is $88.69.

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.