Kestra Advisory Services LLC Sells 20,731 Shares of iShares Convertible Bond ETF $ICVT

Kestra Advisory Services LLC trimmed its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 37.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 34,084 shares of the company’s stock after selling 20,731 shares during the period. Kestra Advisory Services LLC’s holdings in iShares Convertible Bond ETF were worth $3,469,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Strategic Advocates LLC grew its position in iShares Convertible Bond ETF by 94.8% in the 4th quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after purchasing an additional 181 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after buying an additional 104 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after buying an additional 376 shares during the last quarter. Cape Investment Advisory Inc. grew its holdings in shares of iShares Convertible Bond ETF by 73.1% in the third quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after acquiring an additional 258 shares during the period. Finally, NBT Bank N A NY grew its holdings in shares of iShares Convertible Bond ETF by 527.3% in the first quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after acquiring an additional 522 shares during the period.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $113.74 on Friday. iShares Convertible Bond ETF has a 52-week low of $90.77 and a 52-week high of $126.56. The business has a 50-day simple moving average of $119.11 and a two-hundred day simple moving average of $110.06.

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.