Howard Capital Management Inc. reduced its stake in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,867 shares of the company’s stock after selling 15,669 shares during the period. Howard Capital Management Inc. owned about 1.09% of iShares Convertible Bond ETF worth $30,502,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Steigerwald Gordon & Koch Inc. acquired a new stake in iShares Convertible Bond ETF in the third quarter valued at approximately $26,000. Sound Income Strategies LLC lifted its stake in shares of iShares Convertible Bond ETF by 585.4% in the 3rd quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after acquiring an additional 240 shares during the last quarter. Private Wealth Asset Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $48,000. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 3rd quarter valued at $62,000. Finally, Hantz Financial Services Inc. bought a new stake in iShares Convertible Bond ETF during the 2nd quarter worth $84,000.
iShares Convertible Bond ETF Stock Up 21.5%
Shares of ICVT opened at $103.48 on Friday. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29. The business has a 50-day simple moving average of $100.88 and a two-hundred day simple moving average of $98.55.
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.
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