Advisory Alpha LLC Reduces Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Advisory Alpha LLC reduced its stake in iShares Convertible Bond ETF (BATS:ICVT) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 443,338 shares of the company’s stock after selling 16,001 shares during the quarter. iShares Convertible Bond ETF comprises approximately 1.3% of Advisory Alpha LLC’s portfolio, making the stock its 21st biggest holding. Advisory Alpha LLC owned approximately 1.83% of iShares Convertible Bond ETF worth $37,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. AE Wealth Management LLC boosted its position in shares of iShares Convertible Bond ETF by 27.1% in the second quarter. AE Wealth Management LLC now owns 8,066 shares of the company’s stock worth $634,000 after acquiring an additional 1,721 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in iShares Convertible Bond ETF by 210.6% during the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. Bank of Montreal Can boosted its holdings in shares of iShares Convertible Bond ETF by 857.2% in the 2nd quarter. Bank of Montreal Can now owns 26,389 shares of the company’s stock valued at $2,088,000 after purchasing an additional 23,632 shares during the last quarter. Dark Forest Capital Management LP grew its stake in shares of iShares Convertible Bond ETF by 26.3% during the 2nd quarter. Dark Forest Capital Management LP now owns 17,423 shares of the company’s stock valued at $1,370,000 after buying an additional 3,633 shares during the period. Finally, Susquehanna International Group LLP acquired a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter worth $80,458,000.

iShares Convertible Bond ETF Trading Up 3.1 %

Shares of iShares Convertible Bond ETF stock opened at $87.80 on Wednesday. The business’s fifty day moving average price is $87.11 and its 200 day moving average price is $83.65. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

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.