iShares Convertible Bond ETF $ICVT Stock: Milestone Asset Management LLC Decreases Stake

Milestone Asset Management LLC lowered its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 16.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,997 shares of the company’s stock after selling 5,207 shares during the period. Milestone Asset Management LLC owned 0.09% of iShares Convertible Bond ETF worth $2,936,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Centerline Wealth Advisors LLC raised its stake in iShares Convertible Bond ETF by 1.8% in the third quarter. Centerline Wealth Advisors LLC now owns 10,972 shares of the company’s stock valued at $1,239,000 after buying an additional 197 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of iShares Convertible Bond ETF by 18.5% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,675 shares of the company’s stock worth $641,000 after acquiring an additional 884 shares during the period. Financial Life Advisors boosted its stake in shares of iShares Convertible Bond ETF by 3.3% during the 3rd quarter. Financial Life Advisors now owns 9,416 shares of the company’s stock worth $1,063,000 after acquiring an additional 297 shares during the period. Focus Financial Network Inc. boosted its stake in shares of iShares Convertible Bond ETF by 10.6% during the 3rd quarter. Focus Financial Network Inc. now owns 10,153 shares of the company’s stock worth $1,147,000 after acquiring an additional 977 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of iShares Convertible Bond ETF during the 3rd quarter worth approximately $9,594,000.

iShares Convertible Bond ETF Stock Up 0.9%

Shares of iShares Convertible Bond ETF stock opened at $107.46 on Friday. The business has a fifty day simple moving average of $114.07 and a two-hundred day simple moving average of $114.99. iShares Convertible Bond ETF has a 1 year low of $94.41 and a 1 year high of $126.56.

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.