iShares Convertible Bond ETF $ICVT Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 29.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,361 shares of the company’s stock after selling 117,791 shares during the quarter. New York Life Investment Management LLC owned 0.99% of iShares Convertible Bond ETF worth $27,222,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Focus Partners Wealth purchased a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $663,000. Creative Planning purchased a new stake in iShares Convertible Bond ETF in the 2nd quarter worth approximately $350,000. Qube Research & Technologies Ltd increased its stake in iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after purchasing an additional 1,969 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of iShares Convertible Bond ETF by 137.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after acquiring an additional 31,263 shares during the last quarter. Finally, MML Investors Services LLC increased its position in iShares Convertible Bond ETF by 7.5% during the second quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock worth $12,959,000 after purchasing an additional 9,991 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 0.5%

Shares of ICVT opened at $119.18 on Friday. The stock’s fifty day simple moving average is $107.98 and its 200 day simple moving average is $103.91. iShares Convertible Bond ETF has a twelve month low of $86.32 and a twelve month high of $119.71.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.