Wetzel Investment Advisors Inc. Sells 1,653 Shares of iShares Convertible Bond ETF $ICVT

Wetzel Investment Advisors Inc. lessened its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 3.4% during the 2nd quarter, Holdings Channel reports. The firm owned 46,460 shares of the company’s stock after selling 1,653 shares during the period. iShares Convertible Bond ETF makes up approximately 1.9% of Wetzel Investment Advisors Inc.’s portfolio, making the stock its 13th biggest position. Wetzel Investment Advisors Inc.’s holdings in iShares Convertible Bond ETF were worth $4,186,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ICVT. Wealth Enhancement Advisory Services LLC boosted its stake in iShares Convertible Bond ETF by 11.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 70,768 shares of the company’s stock worth $6,013,000 after acquiring an additional 6,998 shares during the last quarter. Merit Financial Group LLC boosted its stake in iShares Convertible Bond ETF by 498.8% during the 1st quarter. Merit Financial Group LLC now owns 25,737 shares of the company’s stock worth $2,152,000 after acquiring an additional 21,439 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in iShares Convertible Bond ETF by 31.1% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,289 shares of the company’s stock worth $442,000 after acquiring an additional 1,256 shares during the last quarter. Cypress Wealth Services LLC boosted its stake in iShares Convertible Bond ETF by 11.3% during the 1st quarter. Cypress Wealth Services LLC now owns 3,524 shares of the company’s stock worth $295,000 after acquiring an additional 357 shares during the last quarter. Finally, FFG Retirement Advisors LLC boosted its stake in iShares Convertible Bond ETF by 1,106.8% during the 1st quarter. FFG Retirement Advisors LLC now owns 31,993 shares of the company’s stock worth $2,675,000 after acquiring an additional 29,342 shares during the last quarter.

iShares Convertible Bond ETF Price Performance

iShares Convertible Bond ETF stock opened at $100.10 on Wednesday. The company’s 50 day simple moving average is $94.86 and its 200 day simple moving average is $89.34. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29.

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.