Austin Private Wealth LLC Has $526,000 Position in iShares Convertible Bond ETF $ICVT

Austin Private Wealth LLC lowered its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 47.5% during the second quarter, Holdings Channel reports. The institutional investor owned 5,837 shares of the company’s stock after selling 5,282 shares during the quarter. Austin Private Wealth LLC’s holdings in iShares Convertible Bond ETF were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of ICVT. Columbia River Financial Group LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth $29,000. Wealth Preservation Advisors LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth $29,000. Cape Investment Advisory Inc. boosted its stake in iShares Convertible Bond ETF by 171.0% during the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after buying an additional 224 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth $39,000. Finally, Sunbelt Securities Inc. boosted its stake in iShares Convertible Bond ETF by 76.1% during the first quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock worth $42,000 after buying an additional 217 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 21.3%

ICVT opened at $103.23 on Wednesday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The firm’s fifty day moving average price is $98.70 and its two-hundred day moving average price is $92.06.

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.