Ewa LLC Lowers Stake in iShares Convertible Bond ETF $ICVT

Ewa LLC lessened its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 19.3% in the second quarter, Holdings Channel.com reports. The fund owned 7,997 shares of the company’s stock after selling 1,912 shares during the quarter. Ewa LLC’s holdings in iShares Convertible Bond ETF were worth $721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Merit Financial Group LLC boosted its position in shares of iShares Convertible Bond ETF by 498.8% in the first quarter. Merit Financial Group LLC now owns 25,737 shares of the company’s stock worth $2,152,000 after buying an additional 21,439 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 31.1% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 5,289 shares of the company’s stock worth $442,000 after buying an additional 1,256 shares during the period. Cypress Wealth Services LLC boosted its position in shares of iShares Convertible Bond ETF by 11.3% in the first quarter. Cypress Wealth Services LLC now owns 3,524 shares of the company’s stock worth $295,000 after buying an additional 357 shares during the period. FFG Retirement Advisors LLC boosted its position in shares of iShares Convertible Bond ETF by 1,106.8% in the first quarter. FFG Retirement Advisors LLC now owns 31,993 shares of the company’s stock worth $2,675,000 after buying an additional 29,342 shares during the period. Finally, Baron Financial Group LLC boosted its position in shares of iShares Convertible Bond ETF by 0.5% in the first quarter. Baron Financial Group LLC now owns 49,071 shares of the company’s stock worth $4,103,000 after buying an additional 253 shares during the period.

iShares Convertible Bond ETF Stock Up 18.4%

Shares of BATS ICVT opened at $100.77 on Thursday. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $93.29. The business has a 50-day moving average of $95.02 and a 200-day moving average of $89.45.

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.