Integrated Wealth Concepts LLC Reduces Stock Holdings in iShares Convertible Bond ETF $ICVT

Integrated Wealth Concepts LLC cut its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 42.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,318 shares of the company’s stock after selling 5,309 shares during the period. Integrated Wealth Concepts LLC’s holdings in iShares Convertible Bond ETF were worth $891,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ocean Park Asset Management LLC acquired a new stake in iShares Convertible Bond ETF in the first quarter valued at approximately $42,772,000. Allianz Asset Management GmbH boosted its stake in shares of iShares Convertible Bond ETF by 168.3% in the second quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock valued at $21,463,000 after purchasing an additional 110,600 shares during the period. Dynasty Wealth Management LLC grew its holdings in iShares Convertible Bond ETF by 412.2% during the 4th quarter. Dynasty Wealth Management LLC now owns 126,688 shares of the company’s stock valued at $12,479,000 after purchasing an additional 101,954 shares in the last quarter. Mcmorgan & Co. LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter valued at $8,059,000. Finally, Hershey Financial Advisers LLC purchased a new stake in iShares Convertible Bond ETF during the 1st quarter worth $6,421,000.

iShares Convertible Bond ETF Stock Up 0.3%

iShares Convertible Bond ETF stock opened at $113.45 on Friday. iShares Convertible Bond ETF has a 12-month low of $94.41 and a 12-month high of $126.56. The firm’s fifty day moving average price is $114.89 and its 200 day moving average price is $113.70.

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.