Truist Financial Corp cut its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 23.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,648 shares of the company’s stock after selling 10,584 shares during the period. Truist Financial Corp’s holdings in iShares Convertible Bond ETF were worth $3,122,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Columbia River Financial Group LLC purchased a new position in shares of iShares Convertible Bond ETF during the first quarter worth approximately $29,000. Wealth Preservation Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF during the first quarter worth approximately $29,000. Cape Investment Advisory Inc. grew its position in shares of iShares Convertible Bond ETF by 171.0% during the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after acquiring an additional 224 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of iShares Convertible Bond ETF during the first quarter worth approximately $39,000. Finally, Abound Wealth Management purchased a new position in shares of iShares Convertible Bond ETF during the first quarter worth approximately $42,000.
iShares Convertible Bond ETF Stock Performance
Shares of ICVT opened at $102.21 on Friday. The company’s 50 day simple moving average is $96.14 and its 200-day simple moving average is $90.12. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29.
iShares Convertible Bond ETF 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.
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