iShares Convertible Bond ETF $ICVT Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers trimmed its stake in iShares Convertible Bond ETF (BATS:ICVT) by 34.7% during the first quarter, Holdings Channel.com reports. The fund owned 156,337 shares of the company’s stock after selling 83,049 shares during the period. Cetera Investment Advisers’ holdings in iShares Convertible Bond ETF were worth $15,914,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ICVT. Bank of America Corp DE boosted its position in shares of iShares Convertible Bond ETF by 3.2% during the 3rd quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock worth $264,864,000 after purchasing an additional 82,318 shares during the period. LPL Financial LLC raised its position in iShares Convertible Bond ETF by 20.2% in the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after purchasing an additional 174,077 shares during the period. AMG National Trust Bank raised its position in iShares Convertible Bond ETF by 7.4% in the first quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock valued at $57,518,000 after purchasing an additional 39,016 shares during the period. Greenleaf Trust raised its position in iShares Convertible Bond ETF by 0.8% in the fourth quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock valued at $44,438,000 after purchasing an additional 3,596 shares during the period. Finally, Ocean Park Asset Management LLC acquired a new position in iShares Convertible Bond ETF during the first quarter worth $42,772,000.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $111.86 on Wednesday. iShares Convertible Bond ETF has a 52 week low of $90.77 and a 52 week high of $126.56. The business has a fifty day simple moving average of $118.75 and a 200-day simple moving average of $110.85.

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.