5,207 iShares Convertible Bond ETF $ICVT Shares Sold by Milestone Asset Management LLC

Milestone Asset Management LLC lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 16.7% during the third quarter, HoldingsChannel.com reports. The firm owned 25,997 shares of the company’s stock after selling 5,207 shares during the quarter. Milestone Asset Management LLC’s holdings in iShares Convertible Bond ETF were worth $2,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Quartz Partners LLC raised its position in shares of iShares Convertible Bond ETF by 0.6% in the first quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock valued at $2,087,000 after buying an additional 120 shares in the last quarter. Security Financial Services INC. boosted its stake in shares of iShares Convertible Bond ETF by 2.3% in the first quarter. Security Financial Services INC. now owns 5,470 shares of the company’s stock valued at $557,000 after buying an additional 123 shares during the period. Capital Wealth Management LLC grew its position in iShares Convertible Bond ETF by 0.3% during the second quarter. Capital Wealth Management LLC now owns 52,556 shares of the company’s stock worth $6,398,000 after buying an additional 165 shares in the last quarter. Barnes Wealth Management Group Inc grew its position in iShares Convertible Bond ETF by 6.2% during the fourth quarter. Barnes Wealth Management Group Inc now owns 2,865 shares of the company’s stock worth $282,000 after buying an additional 168 shares in the last quarter. Finally, McNaughton Wealth Management LLC grew its position in iShares Convertible Bond ETF by 7.8% during the third quarter. McNaughton Wealth Management LLC now owns 2,562 shares of the company’s stock worth $289,000 after buying an additional 186 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $107.46 on Friday. The stock’s fifty day moving average price is $114.07 and its two-hundred day moving average price is $114.99. iShares Convertible Bond ETF has a one year low of $94.41 and a one year 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.