Systelligence LLC Sells 69,681 Shares of iShares Convertible Bond ETF $ICVT

Systelligence LLC reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 31.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 150,096 shares of the company’s stock after selling 69,681 shares during the period. iShares Convertible Bond ETF makes up approximately 3.0% of Systelligence LLC’s holdings, making the stock its 12th biggest holding. Systelligence LLC owned 0.54% of iShares Convertible Bond ETF worth $15,278,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ICVT. Focus Partners Wealth bought a new stake in shares of iShares Convertible Bond ETF during the first quarter worth $663,000. Creative Planning bought a new stake in iShares Convertible Bond ETF in the 2nd quarter valued at $350,000. Qube Research & Technologies Ltd lifted its position in iShares Convertible Bond ETF by 144.6% in the 2nd quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after acquiring an additional 1,969 shares in the last quarter. BNP Paribas Financial Markets lifted its position in iShares Convertible Bond ETF by 137.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after acquiring an additional 31,263 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in iShares Convertible Bond ETF by 7.5% in the 2nd quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock worth $12,959,000 after purchasing an additional 9,991 shares during the period.

iShares Convertible Bond ETF Trading Down 1.8%

ICVT stock opened at $118.81 on Friday. The stock has a 50-day moving average price of $117.82 and a two-hundred day moving average price of $108.17. iShares Convertible Bond ETF has a 1 year low of $89.22 and a 1 year 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.