PFG Advisors cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 15.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,305 shares of the company’s stock after selling 1,812 shares during the period. PFG Advisors’ holdings in iShares Convertible Bond ETF were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the stock. Wealth Preservation Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF in the 1st quarter worth approximately $29,000. Cape Investment Advisory Inc. lifted its position in iShares Convertible Bond ETF by 171.0% in the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after buying an additional 224 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in iShares Convertible Bond ETF during the first quarter worth $39,000. Private Wealth Asset Management LLC bought a new position in iShares Convertible Bond ETF during the second quarter valued at $48,000. Finally, Vermillion & White Wealth Management Group LLC raised its stake in shares of iShares Convertible Bond ETF by 537.6% in the first quarter. Vermillion & White Wealth Management Group LLC now owns 746 shares of the company’s stock valued at $62,000 after acquiring an additional 629 shares during the period.
iShares Convertible Bond ETF Stock Performance
iShares Convertible Bond ETF stock opened at $102.64 on Tuesday. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29. The firm has a 50-day moving average price of $100.29 and a 200-day moving average price of $93.44.
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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