iShares Convertible Bond ETF $ICVT Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 43.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,057 shares of the company’s stock after selling 20,067 shares during the quarter. Janney Montgomery Scott LLC owned about 0.09% of iShares Convertible Bond ETF worth $2,652,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth bought a new position in iShares Convertible Bond ETF during the 1st quarter valued at $663,000. Creative Planning bought a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter worth $350,000. Qube Research & Technologies Ltd lifted its holdings in shares of iShares Convertible Bond ETF by 144.6% in the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after buying an additional 1,969 shares during the period. BNP Paribas Financial Markets boosted its stake in iShares Convertible Bond ETF by 137.1% during the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after buying an additional 31,263 shares in the last quarter. Finally, MML Investors Services LLC raised its position in iShares Convertible Bond ETF by 7.5% in the second quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock worth $12,959,000 after acquiring an additional 9,991 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT opened at $117.08 on Thursday. iShares Convertible Bond ETF has a twelve month low of $90.07 and a twelve month high of $126.56. The company has a 50-day moving average of $118.88 and a 200-day moving average of $109.32.

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.