iShares Convertible Bond ETF $ICVT Stock: Spectrum Planning & Advisory Services Inc. Cuts Holdings

Spectrum Planning & Advisory Services Inc. cut its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 20.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,393 shares of the company’s stock after selling 5,168 shares during the quarter. Spectrum Planning & Advisory Services Inc. owned 0.07% of iShares Convertible Bond ETF worth $2,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AMG National Trust Bank acquired a new stake in shares of iShares Convertible Bond ETF during the third quarter valued at approximately $68,404,000. Prestige Wealth Management Group LLC boosted its stake in iShares Convertible Bond ETF by 0.9% in the 1st quarter. Prestige Wealth Management Group LLC now owns 297,589 shares of the company’s stock worth $30,292,000 after purchasing an additional 2,570 shares during the period. New York Life Investment Management LLC acquired a new position in iShares Convertible Bond ETF in the 3rd quarter worth approximately $28,030,000. Certified Advisory Corp boosted its stake in iShares Convertible Bond ETF by 7.1% in the 3rd quarter. Certified Advisory Corp now owns 205,902 shares of the company’s stock worth $23,254,000 after purchasing an additional 13,686 shares during the period. Finally, Allianz Asset Management GmbH grew its position in iShares Convertible Bond ETF by 168.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after purchasing an additional 110,600 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $104.31 on Thursday. The company’s fifty day moving average is $109.82 and its two-hundred day moving average is $111.57. iShares Convertible Bond ETF has a 12-month low of $94.41 and a 12-month 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.