Foundations Investment Advisors LLC Decreases Stock Holdings in iShares Convertible Bond ETF $ICVT

Foundations Investment Advisors LLC lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 24.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,313 shares of the company’s stock after selling 20,094 shares during the period. Foundations Investment Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $6,334,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ICVT. Ocean Park Asset Management LLC purchased a new position in shares of iShares Convertible Bond ETF during the third quarter valued at about $22,001,000. Independence Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 244.1% during the third quarter. Independence Financial Advisors LLC now owns 118,255 shares of the company’s stock valued at $11,831,000 after purchasing an additional 83,886 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in iShares Convertible Bond ETF during the second quarter valued at $7,513,000. Systelligence LLC raised its position in shares of iShares Convertible Bond ETF by 103.2% in the 2nd quarter. Systelligence LLC now owns 161,188 shares of the company’s stock worth $14,523,000 after purchasing an additional 81,860 shares during the last quarter. Finally, Elevation Capital Advisory LLC purchased a new position in iShares Convertible Bond ETF in the third quarter worth about $5,631,000.

iShares Convertible Bond ETF Trading Up 23.5%

Shares of ICVT opened at $105.12 on Friday. The business’s fifty day simple moving average is $100.73 and its two-hundred day simple moving average is $98.47. iShares Convertible Bond ETF has a 12 month low of $75.97 and a 12 month high of $93.29.

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.