Advisors Preferred LLC Has $245,000 Stock Holdings in iShares Convertible Bond ETF $ICVT

Advisors Preferred LLC cut its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 60.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,742 shares of the company’s stock after selling 4,201 shares during the quarter. Advisors Preferred LLC’s holdings in iShares Convertible Bond ETF were worth $245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ICVT. Bank of New York Mellon Corp lifted its stake in iShares Convertible Bond ETF by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 68,877 shares of the company’s stock valued at $5,759,000 after acquiring an additional 3,381 shares in the last quarter. Independent Wealth Network Inc. lifted its stake in iShares Convertible Bond ETF by 5.9% in the 2nd quarter. Independent Wealth Network Inc. now owns 7,182 shares of the company’s stock valued at $647,000 after acquiring an additional 397 shares in the last quarter. Deutsche Bank AG bought a new stake in iShares Convertible Bond ETF in the 1st quarter valued at approximately $20,735,000. McAdam LLC lifted its stake in iShares Convertible Bond ETF by 10.6% in the 2nd quarter. McAdam LLC now owns 4,462 shares of the company’s stock valued at $402,000 after acquiring an additional 427 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in iShares Convertible Bond ETF by 36.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock valued at $104,680,000 after acquiring an additional 334,100 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 21.6%

Shares of iShares Convertible Bond ETF stock opened at $103.50 on Tuesday. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29. The business’s 50 day moving average is $99.52 and its 200-day moving average is $92.75.

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.