Horst & Graben Wealth Management LLC Sells 5,608 Shares of iShares Convertible Bond ETF $ICVT

Horst & Graben Wealth Management LLC trimmed its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 33.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,278 shares of the company’s stock after selling 5,608 shares during the quarter. Horst & Graben Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $1,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Focus Partners Wealth purchased a new position in shares of iShares Convertible Bond ETF in the first quarter valued at about $663,000. Creative Planning purchased a new stake in shares of iShares Convertible Bond ETF during the second quarter worth about $350,000. Qube Research & Technologies Ltd boosted its holdings in shares of iShares Convertible Bond ETF by 144.6% during the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock worth $300,000 after purchasing an additional 1,969 shares during the period. BNP Paribas Financial Markets grew its stake in shares of iShares Convertible Bond ETF by 137.1% in the second quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock worth $4,871,000 after purchasing an additional 31,263 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of 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 purchasing an additional 9,991 shares during the last quarter.

iShares Convertible Bond ETF Stock Down 1.6%

ICVT opened at $116.30 on Wednesday. The business has a 50 day simple moving average of $118.78 and a two-hundred day simple moving average of $109.19. iShares Convertible Bond ETF has a one year low of $89.91 and a one year high of $126.56.

About iShares Convertible Bond ETF

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.