Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Envestnet Portfolio Solutions Inc. reduced its position in iShares Convertible Bond ETF (BATS:ICVT) by 17.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,297 shares of the company’s stock after selling 31,443 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.52% of iShares Convertible Bond ETF worth $12,650,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Capital Wealth Management LLC raised its position in shares of iShares Convertible Bond ETF by 0.4% in the first quarter. Capital Wealth Management LLC now owns 37,677 shares of the company’s stock worth $3,150,000 after buying an additional 147 shares in the last quarter. Sagespring Wealth Partners LLC increased its stake in iShares Convertible Bond ETF by 53.4% in the 1st quarter. Sagespring Wealth Partners LLC now owns 18,259 shares of the company’s stock worth $1,527,000 after acquiring an additional 6,355 shares during the last quarter. Sowell Financial Services LLC bought a new position in iShares Convertible Bond ETF in the 1st quarter worth about $271,000. Cyndeo Wealth Partners LLC raised its holdings in shares of iShares Convertible Bond ETF by 27.0% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 5,616 shares of the company’s stock valued at $470,000 after acquiring an additional 1,195 shares in the last quarter. Finally, Abound Wealth Management bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at about $42,000.

iShares Convertible Bond ETF Price Performance

Shares of BATS ICVT opened at $87.96 on Friday. The business has a 50-day moving average of $85.96 and a 200-day moving average of $86.00. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $89.71.

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.