JB Capital LLC reduced its stake in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 38.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,279 shares of the company’s stock after selling 2,710 shares during the quarter. JB Capital LLC’s holdings in iShares Convertible Bond ETF were worth $386,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ICVT. Farther Finance Advisors LLC raised its position in shares of 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 purchasing an additional 130 shares during the period. Focus Financial Network Inc. boosted its holdings in iShares Convertible Bond ETF by 17.6% during the first quarter. Focus Financial Network Inc. now owns 4,118 shares of the company’s stock valued at $344,000 after acquiring an additional 617 shares during the period. Pinion Investment Advisors LLC bought a new stake in iShares Convertible Bond ETF during the first quarter valued at about $296,000. Abound Wealth Management bought a new stake in iShares Convertible Bond ETF during the first quarter valued at about $42,000. Finally, Cyndeo Wealth Partners LLC boosted its holdings in iShares Convertible Bond ETF by 27.0% during the first quarter. Cyndeo Wealth Partners LLC now owns 5,616 shares of the company’s stock valued at $470,000 after acquiring an additional 1,195 shares during the period.
iShares Convertible Bond ETF Price Performance
BATS ICVT opened at $100.40 on Friday. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $93.29. The stock has a 50-day simple moving average of $96.32 and a 200 day simple moving average of $90.19.
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.
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