Firethorn Wealth Partners LLC Sells 110 Shares of iShares Convertible Bond ETF $ICVT

Firethorn Wealth Partners LLC lowered its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 4.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,601 shares of the company’s stock after selling 110 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in iShares Convertible Bond ETF were worth $234,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ICVT. Goldman Sachs Group Inc. lifted its position in shares of iShares Convertible Bond ETF by 36.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock valued at $104,680,000 after acquiring an additional 334,100 shares during the period. Deutsche Bank AG bought a new stake in iShares Convertible Bond ETF during the first quarter worth about $20,735,000. BlueStem Wealth Partners LLC grew its stake in iShares Convertible Bond ETF by 507.2% during the first quarter. BlueStem Wealth Partners LLC now owns 198,516 shares of the company’s stock worth $16,598,000 after buying an additional 165,825 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in iShares Convertible Bond ETF by 90.4% in the 2nd quarter. Insight Wealth Strategies LLC now owns 245,103 shares of the company’s stock valued at $21,885,000 after buying an additional 116,343 shares during the period. Finally, Advance Capital Management Inc. acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter valued at approximately $9,830,000.

iShares Convertible Bond ETF Stock Up 19.6%

Shares of iShares Convertible Bond ETF stock opened at $101.78 on Friday. The company has a 50 day moving average of $95.37 and a 200-day moving average of $89.65. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year 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.