Janney Montgomery Scott LLC Has $2.65 Million Stake in iShares Convertible Bond ETF $ICVT

Janney Montgomery Scott LLC lowered its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.5% in the first quarter, HoldingsChannel reports. The firm owned 26,057 shares of the company’s stock after selling 20,067 shares during the period. Janney Montgomery Scott LLC’s holdings in iShares Convertible Bond ETF were worth $2,652,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ICVT. Strategic Advocates LLC grew its stake in iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after acquiring an additional 104 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after acquiring an additional 376 shares during the last quarter. Cape Investment Advisory Inc. grew its position in iShares Convertible Bond ETF by 73.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after acquiring an additional 258 shares during the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in iShares Convertible Bond ETF during the 4th quarter valued at $64,000.

iShares Convertible Bond ETF Price Performance

iShares Convertible Bond ETF stock opened at $117.08 on Thursday. The business’s fifty day moving average is $118.88 and its two-hundred day moving average is $109.32. iShares Convertible Bond ETF has a 52 week low of $90.07 and a 52 week high of $126.56.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.