Ocean Park Asset Management LLC Sells 161,363 Shares of iShares Convertible Bond ETF $ICVT

Ocean Park Asset Management LLC reduced its stake in iShares Convertible Bond ETF (BATS:ICVT) by 38.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 258,837 shares of the company’s stock after selling 161,363 shares during the quarter. iShares Convertible Bond ETF accounts for approximately 1.5% of Ocean Park Asset Management LLC’s portfolio, making the stock its 16th largest holding. Ocean Park Asset Management LLC owned 0.92% of iShares Convertible Bond ETF worth $31,511,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ICVT. Redhawk Wealth Advisors Inc. purchased a new stake in iShares Convertible Bond ETF during the second quarter worth about $477,000. Focus Financial Network Inc. boosted its stake in iShares Convertible Bond ETF by 86.4% in the second quarter. Focus Financial Network Inc. now owns 9,176 shares of the company’s stock valued at $1,117,000 after acquiring an additional 4,254 shares during the last quarter. Capital Wealth Management LLC grew its position in shares of iShares Convertible Bond ETF by 0.3% during the 2nd quarter. Capital Wealth Management LLC now owns 52,556 shares of the company’s stock valued at $6,398,000 after acquiring an additional 165 shares during the period. Windsor Capital Management LLC grew its position in shares of iShares Convertible Bond ETF by 3.5% during the 2nd quarter. Windsor Capital Management LLC now owns 12,792 shares of the company’s stock valued at $1,557,000 after acquiring an additional 428 shares during the period. Finally, First Heartland Consultants Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $3,945,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $115.41 on Wednesday. The company has a 50 day moving average of $117.70 and a 200-day moving average of $111.68. iShares Convertible Bond ETF has a 12-month low of $91.56 and a 12-month high of $126.56.

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.