iShares Convertible Bond ETF $ICVT Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 16.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 42,950 shares of the company’s stock after selling 8,564 shares during the period. Sanctuary Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $4,372,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares Convertible Bond ETF by 3.2% during the third quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock worth $264,864,000 after buying an additional 82,318 shares during the period. LPL Financial LLC grew its stake in shares of 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 buying an additional 174,077 shares in the last quarter. AMG National Trust Bank raised its holdings in shares of iShares Convertible Bond ETF by 7.4% in the 1st quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock valued at $57,518,000 after buying an additional 39,016 shares during the period. Greenleaf Trust raised its holdings in shares of iShares Convertible Bond ETF by 0.8% in the 4th quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock valued at $44,438,000 after buying an additional 3,596 shares during the period. Finally, Ocean Park Asset Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at $42,772,000.

iShares Convertible Bond ETF Price Performance

ICVT opened at $113.74 on Monday. The stock’s 50-day moving average price is $119.11 and its 200 day moving average price is $110.13. iShares Convertible Bond ETF has a 12-month low of $90.77 and a 12-month 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.