Advance Capital Management Inc. Decreases Stock Position in iShares Convertible Bond ETF $ICVT

Advance Capital Management Inc. lessened its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 4.2% in the 1st quarter, Holdings Channel.com reports. The fund owned 109,915 shares of the company’s stock after selling 4,878 shares during the period. iShares Convertible Bond ETF makes up 0.4% of Advance Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Advance Capital Management Inc.’s holdings in iShares Convertible Bond ETF were worth $11,188,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ICVT. Sunbelt Securities Inc. increased its holdings in shares of iShares Convertible Bond ETF by 36.5% during the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after acquiring an additional 104 shares in the last quarter. Csenge Advisory Group grew its position in iShares Convertible Bond ETF by 4.5% during the 4th quarter. Csenge Advisory Group now owns 3,071 shares of the company’s stock worth $302,000 after purchasing an additional 131 shares during the last quarter. Sowell Financial Services LLC grew its position in iShares Convertible Bond ETF by 5.1% during the 4th quarter. Sowell Financial Services LLC now owns 2,969 shares of the company’s stock worth $292,000 after purchasing an additional 143 shares during the last quarter. Key Financial Inc increased its stake in iShares Convertible Bond ETF by 1.3% during the 4th quarter. Key Financial Inc now owns 11,820 shares of the company’s stock valued at $1,164,000 after purchasing an additional 146 shares in the last quarter. Finally, Invst LLC increased its stake in iShares Convertible Bond ETF by 2.9% during the 4th quarter. Invst LLC now owns 5,290 shares of the company’s stock valued at $521,000 after purchasing an additional 147 shares in the last quarter.

iShares Convertible Bond ETF Stock Up 0.6%

BATS ICVT opened at $118.19 on Tuesday. iShares Convertible Bond ETF has a 12-month low of $89.82 and a 12-month high of $126.56. The company has a fifty day simple moving average of $118.70 and a two-hundred day simple moving average of $109.06.

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.