iShares Convertible Bond ETF $ICVT Stake Decreased by Advisory Alpha LLC

Advisory Alpha LLC lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 433,937 shares of the company’s stock after selling 10,441 shares during the period. iShares Convertible Bond ETF accounts for about 1.2% of Advisory Alpha LLC’s investment portfolio, making the stock its 19th biggest holding. Advisory Alpha LLC owned 1.55% of iShares Convertible Bond ETF worth $39,098,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of iShares Convertible Bond ETF by 3.7% during the first quarter. Envestnet Asset Management Inc. now owns 1,523,827 shares of the company’s stock valued at $127,407,000 after buying an additional 54,513 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of iShares Convertible Bond ETF by 36.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock valued at $104,680,000 after buying an additional 334,100 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares Convertible Bond ETF by 0.3% during the first quarter. LPL Financial LLC now owns 948,047 shares of the company’s stock valued at $79,266,000 after buying an additional 2,707 shares during the last quarter. AMG National Trust Bank raised its holdings in shares of iShares Convertible Bond ETF by 1.9% during the first quarter. AMG National Trust Bank now owns 488,995 shares of the company’s stock valued at $40,885,000 after buying an additional 9,173 shares during the last quarter. Finally, Greenleaf Trust raised its holdings in shares of iShares Convertible Bond ETF by 0.5% during the second quarter. Greenleaf Trust now owns 445,280 shares of the company’s stock valued at $40,120,000 after buying an additional 2,151 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 21.5%

ICVT opened at $103.47 on Tuesday. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $93.29. The business’s 50 day moving average is $98.48 and its 200-day moving average is $91.91.

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.