First Horizon Advisors Inc. Has $143,000 Position in iShares Convertible Bond ETF $ICVT

First Horizon Advisors Inc. cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 35.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,587 shares of the company’s stock after selling 878 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Convertible Bond ETF were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ICVT. Wealth Preservation Advisors LLC acquired a new stake in iShares Convertible Bond ETF in the first quarter valued at approximately $29,000. Cape Investment Advisory Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 171.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after acquiring an additional 224 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at $39,000. Private Wealth Asset Management LLC bought a new stake in iShares Convertible Bond ETF during the 2nd quarter worth $48,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in iShares Convertible Bond ETF by 537.6% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 746 shares of the company’s stock worth $62,000 after purchasing an additional 629 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 19.4%

iShares Convertible Bond ETF stock opened at $101.67 on Friday. The stock has a 50-day moving average price of $100.13 and a two-hundred day moving average price of $93.24. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $93.29.

About iShares Convertible Bond ETF

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.