Prestige Wealth Management Group LLC Sells 25,173 Shares of iShares Convertible Bond ETF $ICVT

Prestige Wealth Management Group LLC lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 295,019 shares of the company’s stock after selling 25,173 shares during the period. iShares Convertible Bond ETF accounts for 5.5% of Prestige Wealth Management Group LLC’s portfolio, making the stock its 2nd largest holding. Prestige Wealth Management Group LLC owned 1.05% of iShares Convertible Bond ETF worth $29,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ICVT. Focus Partners Wealth acquired a new position in iShares Convertible Bond ETF during the first quarter valued at approximately $663,000. Creative Planning bought a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at approximately $350,000. Qube Research & Technologies Ltd boosted its position in shares of iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after acquiring an additional 1,969 shares during the period. BNP Paribas Financial Markets boosted its position in shares of iShares Convertible Bond ETF by 137.1% in the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after acquiring an additional 31,263 shares during the period. Finally, MML Investors Services LLC boosted its position in shares of iShares Convertible Bond ETF by 7.5% in the second quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock valued at $12,959,000 after acquiring an additional 9,991 shares during the period.

iShares Convertible Bond ETF Price Performance

ICVT opened at $122.80 on Friday. iShares Convertible Bond ETF has a 1-year low of $87.43 and a 1-year high of $124.22. The business has a 50 day moving average of $112.78 and a 200-day moving average of $105.75.

iShares Convertible Bond ETF Company 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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.