iShares Convertible Bond ETF $ICVT Shares Sold by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 6.3% during the second quarter, HoldingsChannel.com reports. The firm owned 5,263 shares of the company’s stock after selling 353 shares during the period. Cyndeo Wealth Partners LLC’s holdings in iShares Convertible Bond ETF were worth $474,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $29,000. Columbia River Financial Group LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $29,000. Cape Investment Advisory Inc. raised its stake in shares of iShares Convertible Bond ETF by 171.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after purchasing an additional 224 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $39,000. Finally, Abound Wealth Management acquired a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $42,000.

iShares Convertible Bond ETF Stock Up 17.9%

Shares of BATS:ICVT opened at $100.40 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The firm has a 50-day simple moving average of $96.32 and a 200 day simple moving average of $90.22.

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.