Foundations Investment Advisors LLC Has $6.33 Million Position in iShares Convertible Bond ETF $ICVT

Foundations Investment Advisors LLC reduced its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,313 shares of the company’s stock after selling 20,094 shares during the quarter. Foundations Investment Advisors LLC owned 0.23% of iShares Convertible Bond ETF worth $6,334,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ICVT. B. Riley Wealth Advisors Inc. bought a new position in shares of iShares Convertible Bond ETF during the second quarter valued at about $2,278,000. AE Wealth Management LLC lifted its position in shares of iShares Convertible Bond ETF by 310.9% during the 2nd quarter. AE Wealth Management LLC now owns 48,905 shares of the company’s stock valued at $4,406,000 after buying an additional 37,004 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in iShares Convertible Bond ETF by 300.0% during the third quarter. Arkadios Wealth Advisors now owns 11,763 shares of the company’s stock valued at $1,177,000 after purchasing an additional 8,822 shares during the last quarter. Croban raised its position in shares of iShares Convertible Bond ETF by 12.6% in the second quarter. Croban now owns 11,542 shares of the company’s stock valued at $1,040,000 after purchasing an additional 1,292 shares during the period. Finally, Private Trust Co. NA raised its stake in shares of iShares Convertible Bond ETF by 24.1% during the 2nd quarter. Private Trust Co. NA now owns 3,978 shares of the company’s stock valued at $358,000 after purchasing an additional 773 shares during the period.

iShares Convertible Bond ETF Stock Up 23.5%

iShares Convertible Bond ETF stock opened at $105.12 on Friday. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $93.29. The firm’s 50 day simple moving average is $100.73 and its 200 day simple moving average is $98.47.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.