Systelligence LLC Sells 69,681 Shares of iShares Convertible Bond ETF $ICVT

Systelligence LLC lowered its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 31.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,096 shares of the company’s stock after selling 69,681 shares during the quarter. iShares Convertible Bond ETF accounts for 3.0% of Systelligence LLC’s holdings, making the stock its 12th biggest position. Systelligence LLC’s holdings in iShares Convertible Bond ETF were worth $15,278,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Strategic Advocates LLC raised its holdings in shares of iShares Convertible Bond ETF by 94.8% in the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after purchasing an additional 181 shares during the last quarter. Sunbelt Securities Inc. grew its position in iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares in the last quarter. Huntington National Bank grew its position in iShares Convertible Bond ETF by 54,600.0% in the third quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after purchasing an additional 546 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after buying an additional 376 shares during the last quarter. Finally, Cape Investment Advisory Inc. increased its stake in iShares Convertible Bond ETF by 73.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock valued at $61,000 after buying an additional 258 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $118.81 on Friday. The company’s 50-day moving average price is $117.82 and its two-hundred day moving average price is $108.17. iShares Convertible Bond ETF has a one year low of $89.22 and a one year high of $126.56.

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