iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by Advisory Alpha LLC

Advisory Alpha LLC lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 3.5% during the fourth quarter, HoldingsChannel reports. The firm owned 443,338 shares of the company’s stock after selling 16,001 shares during the period. iShares Convertible Bond ETF accounts for 1.3% of Advisory Alpha LLC’s portfolio, making the stock its 21st largest position. Advisory Alpha LLC’s holdings in iShares Convertible Bond ETF were worth $37,675,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ICVT. EverSource Wealth Advisors LLC grew its stake in iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. PSI Advisors LLC bought a new position in iShares Convertible Bond ETF during the 4th quarter worth approximately $29,000. LGT Financial Advisors LLC grew its position in shares of iShares Convertible Bond ETF by 45.3% in the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares in the last quarter. Mattson Financial Services LLC bought a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at approximately $61,000. Finally, Brown Financial Advisors acquired a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at approximately $95,000.

iShares Convertible Bond ETF Stock Up 3.1 %

iShares Convertible Bond ETF stock opened at $87.80 on Wednesday. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18. The company has a fifty day moving average price of $87.11 and a two-hundred day moving average price of $83.65.

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.