True Vision MN LLC Lowers Stock Position in iShares Convertible Bond ETF $ICVT

True Vision MN LLC lessened its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 51.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,755 shares of the company’s stock after selling 2,864 shares during the quarter. True Vision MN LLC’s holdings in iShares Convertible Bond ETF were worth $248,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Simplicity Wealth LLC boosted its stake in shares of iShares Convertible Bond ETF by 55.8% in the second quarter. Simplicity Wealth LLC now owns 13,048 shares of the company’s stock valued at $1,176,000 after purchasing an additional 4,671 shares during the period. Brueske Advisory Services LLC purchased a new position in shares of iShares Convertible Bond ETF in the second quarter valued at approximately $207,000. Greenleaf Trust boosted its stake in shares of iShares Convertible Bond ETF by 0.5% in the second quarter. Greenleaf Trust now owns 445,280 shares of the company’s stock valued at $40,120,000 after purchasing an additional 2,151 shares during the period. Independent Wealth Network Inc. boosted its stake in shares of iShares Convertible Bond ETF by 5.9% in the second quarter. Independent Wealth Network Inc. now owns 7,182 shares of the company’s stock valued at $647,000 after purchasing an additional 397 shares during the period. Finally, Centerline Wealth Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF by 0.4% in the second quarter. Centerline Wealth Advisors LLC now owns 64,051 shares of the company’s stock valued at $5,771,000 after purchasing an additional 243 shares during the period.

iShares Convertible Bond ETF Price Performance

BATS ICVT opened at $102.38 on Tuesday. The firm has a 50 day simple moving average of $95.56 and a 200-day simple moving average of $89.80. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29.

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.