New York Life Investment Management LLC trimmed its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 29.9% during the fourth quarter, Holdings Channel reports. The firm owned 276,361 shares of the company’s stock after selling 117,791 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares Convertible Bond ETF were worth $27,222,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in ICVT. Sunbelt Securities Inc. lifted its position in iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank raised its stake in iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after acquiring an additional 546 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in iShares Convertible Bond ETF by 73.1% during the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after acquiring an additional 258 shares during the period. Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the 3rd quarter worth $62,000. Finally, Dorato Capital Management bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth $190,000.
iShares Convertible Bond ETF Stock Performance
Shares of BATS ICVT opened at $119.18 on Friday. The firm’s 50-day simple moving average is $107.98 and its 200 day simple moving average is $103.91. iShares Convertible Bond ETF has a fifty-two week low of $86.32 and a fifty-two week high of $119.71.
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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.
Further Reading
- Five stocks we like better than iShares Convertible Bond ETF
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding ICVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Convertible Bond ETF (BATS:ICVT – Free Report).
Receive News & Ratings for iShares Convertible Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Convertible Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
