Cetera Investment Advisers Sells 49,045 Shares of iShares Convertible Bond ETF $ICVT

Cetera Investment Advisers decreased its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 24.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,692 shares of the company’s stock after selling 49,045 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Convertible Bond ETF were worth $13,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ICVT. Bank of New York Mellon Corp lifted its stake in shares of iShares Convertible Bond ETF by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 68,877 shares of the company’s stock worth $5,759,000 after buying an additional 3,381 shares during the last quarter. Independent Wealth Network Inc. grew its stake in iShares Convertible Bond ETF by 5.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 7,182 shares of the company’s stock valued at $647,000 after buying an additional 397 shares during the last quarter. Deutsche Bank AG bought a new position in iShares Convertible Bond ETF in the 1st quarter valued at about $20,735,000. AE Wealth Management LLC raised its holdings in iShares Convertible Bond ETF by 310.9% in the 2nd quarter. AE Wealth Management LLC now owns 48,905 shares of the company’s stock valued at $4,406,000 after acquiring an additional 37,004 shares during the period. Finally, McAdam LLC lifted its position in iShares Convertible Bond ETF by 10.6% during the second quarter. McAdam LLC now owns 4,462 shares of the company’s stock worth $402,000 after acquiring an additional 427 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 14.7%

iShares Convertible Bond ETF stock opened at $97.67 on Thursday. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $93.29. The stock’s 50 day moving average is $100.85 and its 200-day moving average is $94.07.

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.