NewEdge Advisors LLC Lowers Position in iShares Convertible Bond ETF $ICVT

NewEdge Advisors LLC lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 26.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,210 shares of the company’s stock after selling 23,416 shares during the quarter. NewEdge Advisors LLC owned approximately 0.23% of iShares Convertible Bond ETF worth $6,638,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Ocean Park Asset Management LLC bought a new position in iShares Convertible Bond ETF during the 1st quarter valued at $42,772,000. LPL Financial LLC raised its holdings in shares of iShares Convertible Bond ETF by 20.2% in the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after purchasing an additional 174,077 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $13,564,000. OpenArc Corporate Advisory LLC bought a new position in shares of iShares Convertible Bond ETF during the fourth quarter valued at about $12,625,000. Finally, Dynasty Wealth Management LLC boosted its holdings in iShares Convertible Bond ETF by 412.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 126,688 shares of the company’s stock worth $12,479,000 after purchasing an additional 101,954 shares during the last quarter.

iShares Convertible Bond ETF Stock Down 0.5%

Shares of ICVT stock opened at $115.14 on Tuesday. iShares Convertible Bond ETF has a 52-week low of $91.56 and a 52-week high of $126.56. The company has a 50-day simple moving average of $117.87 and a two-hundred day simple moving average of $111.59.

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.