SWP Financial LLC Lowers Stake in iShares Convertible Bond ETF $ICVT

SWP Financial LLC reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.7% in the first quarter, HoldingsChannel.com reports. The fund owned 10,165 shares of the company’s stock after selling 7,893 shares during the quarter. SWP Financial LLC’s holdings in iShares Convertible Bond ETF were worth $1,035,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Advocates LLC lifted its stake in iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after purchasing an additional 181 shares during the last quarter. Sunbelt Securities Inc. increased its position in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank raised its holdings in shares of iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after buying an additional 546 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after buying an additional 376 shares during the last quarter. Finally, Cape Investment Advisory Inc. lifted its position in iShares Convertible Bond ETF by 73.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after buying an additional 258 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 0.0%

Shares of ICVT opened at $124.27 on Tuesday. iShares Convertible Bond ETF has a 1 year low of $87.43 and a 1 year high of $126.56. The stock has a 50 day simple moving average of $116.90 and a two-hundred day simple moving average of $107.65.

iShares Convertible Bond ETF Company 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.