CacheTech Inc. Sells 7,182 Shares of iShares Convertible Bond ETF $ICVT

CacheTech Inc. trimmed its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 4.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 167,786 shares of the company’s stock after selling 7,182 shares during the quarter. iShares Convertible Bond ETF makes up approximately 2.8% of CacheTech Inc.’s investment portfolio, making the stock its 5th largest position. CacheTech Inc.’s holdings in iShares Convertible Bond ETF were worth $15,118,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wealth Preservation Advisors LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth $29,000. Cape Investment Advisory Inc. raised its position in shares of iShares Convertible Bond ETF by 171.0% in the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after buying an additional 224 shares during the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of iShares Convertible Bond ETF in the first quarter worth about $39,000. Private Wealth Asset Management LLC purchased a new position in shares of iShares Convertible Bond ETF in the second quarter worth about $48,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in iShares Convertible Bond ETF by 537.6% during the first quarter. Vermillion & White Wealth Management Group LLC now owns 746 shares of the company’s stock worth $62,000 after acquiring an additional 629 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 16.9%

Shares of BATS ICVT opened at $99.48 on Monday. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29. The company has a 50-day moving average of $100.80 and a 200 day moving average of $95.60.

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.