PFG Advisors lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 33.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,966 shares of the company’s stock after selling 2,500 shares during the period. PFG Advisors’ holdings in iShares Convertible Bond ETF were worth $361,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. ICA Group Wealth Management LLC acquired a new position in shares of iShares Convertible Bond ETF during the 4th quarter valued at $31,000. Heritage Wealth Management LLC grew its position in iShares Convertible Bond ETF by 116.5% during the fourth quarter. Heritage Wealth Management LLC now owns 524 shares of the company’s stock valued at $36,000 after buying an additional 282 shares during the period. Resurgent Financial Advisors LLC bought a new position in iShares Convertible Bond ETF during the fourth quarter valued at about $41,000. Fiduciary Alliance LLC bought a new position in iShares Convertible Bond ETF during the fourth quarter worth about $42,000. Finally, Bank of Montreal Can bought a new position in iShares Convertible Bond ETF during the first quarter worth about $88,000.
iShares Convertible Bond ETF Trading Up 0.5 %
Shares of BATS:ICVT opened at $76.07 on Friday. The company has a 50-day moving average price of $73.65 and a two-hundred day moving average price of $72.58. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.
iShares Convertible Bond ETF Announces Dividend
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.
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