Blue Trust Inc. Has $550,000 Position in iShares Convertible Bond ETF $ICVT

Blue Trust Inc. reduced its stake in iShares Convertible Bond ETF (BATS:ICVT) by 47.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,106 shares of the company’s stock after selling 5,533 shares during the period. Blue Trust Inc.’s holdings in iShares Convertible Bond ETF were worth $550,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Sax Wealth Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at approximately $225,000. Friedenthal Financial acquired a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $4,289,000. Simplicity Wealth LLC boosted its position in iShares Convertible Bond ETF by 55.8% during the 2nd quarter. Simplicity Wealth LLC now owns 13,048 shares of the company’s stock worth $1,176,000 after buying an additional 4,671 shares during the period. Brueske Advisory Services LLC acquired a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $207,000. Finally, Greenleaf Trust boosted its position in iShares Convertible Bond ETF by 0.5% during the 2nd quarter. Greenleaf Trust now owns 445,280 shares of the company’s stock worth $40,120,000 after buying an additional 2,151 shares during the period.

iShares Convertible Bond ETF Trading Up 17.9%

BATS:ICVT opened at $100.40 on Monday. The firm’s 50 day simple moving average is $96.32 and its 200 day simple moving average is $90.25. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29.

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.