Nomura Asset Management Co. Ltd. lessened its position in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 31.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 119,059 shares of the company’s stock after selling 55,577 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.43% of iShares Convertible Bond ETF worth $10,727,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of ICVT. Wealth Preservation Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF in the 1st quarter valued at $29,000. Cape Investment Advisory Inc. lifted its holdings 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 acquiring an additional 224 shares in the last quarter. Anderson Financial Strategies LLC bought a new position in iShares Convertible Bond ETF during the first quarter worth about $39,000. Private Wealth Asset Management LLC acquired a new position in iShares Convertible Bond ETF in the second quarter valued at about $48,000. Finally, Vermillion & White Wealth Management Group LLC increased its holdings in shares of iShares Convertible Bond ETF by 537.6% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 746 shares of the company’s stock worth $62,000 after acquiring an additional 629 shares in the last quarter.
iShares Convertible Bond ETF Stock Up 14.7%
BATS ICVT opened at $97.67 on Thursday. The stock’s 50-day moving average is $100.85 and its 200-day moving average is $94.07. 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.
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Want to see what other hedge funds are holding ICVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Convertible Bond ETF (BATS:ICVT – Free Report).
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