CFS Investment Advisory Services LLC Has $1.46 Million Holdings in iShares Convertible Bond ETF $ICVT

CFS Investment Advisory Services LLC lessened its stake in iShares Convertible Bond ETF (BATS:ICVT) by 25.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 13,019 shares of the company’s stock after selling 4,471 shares during the period. CFS Investment Advisory Services LLC’s holdings in iShares Convertible Bond ETF were worth $1,459,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cassilly Financial Group LLC bought a new stake in shares of iShares Convertible Bond ETF in the 4th quarter worth about $824,000. Ascent Group LLC grew its holdings in iShares Convertible Bond ETF by 25.8% during the 4th quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock worth $3,035,000 after acquiring an additional 6,314 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Convertible Bond ETF by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 215,078 shares of the company’s stock valued at $21,519,000 after buying an additional 25,807 shares during the period. Park Avenue Securities LLC boosted its position in shares of iShares Convertible Bond ETF by 19.9% during the fourth quarter. Park Avenue Securities LLC now owns 63,865 shares of the company’s stock worth $6,291,000 after buying an additional 10,584 shares during the period. Finally, Independence Financial Advisors LLC grew its position in iShares Convertible Bond ETF by 4.3% in the fourth quarter. Independence Financial Advisors LLC now owns 123,306 shares of the company’s stock valued at $12,146,000 after purchasing an additional 5,051 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 1.3%

Shares of ICVT stock opened at $118.56 on Friday. The company has a fifty day moving average price of $119.05 and a two-hundred day moving average price of $109.46. iShares Convertible Bond ETF has a one year low of $90.47 and a one year high of $126.56.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.