iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lowered its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 59.4% in the first quarter, HoldingsChannel.com reports. The firm owned 24,681 shares of the company’s stock after selling 36,081 shares during the period. MML Investors Services LLC’s holdings in iShares Convertible Bond ETF were worth $1,431,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ICVT. Citigroup Inc. boosted its position in iShares Convertible Bond ETF by 14.2% in the 4th quarter. Citigroup Inc. now owns 2,647 shares of the company’s stock valued at $139,000 after buying an additional 330 shares during the period. Envestnet Asset Management Inc. boosted its position in iShares Convertible Bond ETF by 0.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 65,514 shares of the company’s stock valued at $3,797,000 after buying an additional 355 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in iShares Convertible Bond ETF by 4.4% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 13,254 shares of the company’s stock valued at $696,000 after buying an additional 554 shares during the period. Certified Advisory Corp boosted its position in iShares Convertible Bond ETF by 225.4% in the 4th quarter. Certified Advisory Corp now owns 807 shares of the company’s stock valued at $42,000 after buying an additional 559 shares during the period. Finally, Harvest Group Wealth Management LLC purchased a new position in iShares Convertible Bond ETF in the 1st quarter valued at approximately $57,000.

ICVT stock traded down $0.19 during midday trading on Wednesday, hitting $58.38. The company’s stock had a trading volume of 1,580 shares. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18.

The firm also recently declared a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, June 4th were given a $0.0743 dividend. The ex-dividend date was Monday, June 3rd. This represents a $0.89 annualized dividend and a yield of 1.53%.

TRADEMARK VIOLATION WARNING: “iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by MML Investors Services LLC” was reported by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.thelincolnianonline.com/2019/06/12/ishares-convertible-bond-etf-batsicvt-shares-sold-by-mml-investors-services-llc.html.

See Also: Oversold

Want to see what other hedge funds are holding ICVT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Convertible Bond ETF (BATS:ICVT).

Institutional Ownership by Quarter for iShares Convertible Bond ETF (BATS:ICVT)

Receive News & Ratings for iShares Convertible Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Convertible Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.