iShares Convertible Bond ETF $ICVT Shares Sold by Howard Capital Management Inc.

Howard Capital Management Inc. reduced its stake in iShares Convertible Bond ETF (BATS:ICVT) by 5.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 320,536 shares of the company’s stock after selling 18,070 shares during the period. iShares Convertible Bond ETF makes up 0.4% of Howard Capital Management Inc.’s investment portfolio, making the stock its 28th largest position. Howard Capital Management Inc.’s holdings in iShares Convertible Bond ETF were worth $28,880,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICVT. Wealth Preservation Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF in the 1st quarter valued at $29,000. Columbia River Financial Group LLC purchased a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $29,000. Cape Investment Advisory Inc. raised its position in iShares Convertible Bond ETF by 171.0% in the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after acquiring an additional 224 shares in the last quarter. Anderson Financial Strategies LLC purchased a new position in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $39,000. Finally, Sunbelt Securities Inc. lifted its position in shares of iShares Convertible Bond ETF by 76.1% during the 1st quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock valued at $42,000 after acquiring an additional 217 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $103.47 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The business has a fifty day simple moving average of $98.48 and a 200-day simple moving average of $91.91.

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.