New York Life Investment Management LLC Has $39.44 Million Stock Holdings in iShares Convertible Bond ETF $ICVT

New York Life Investment Management LLC lowered its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 394,152 shares of the company’s stock after selling 62,239 shares during the period. New York Life Investment Management LLC owned approximately 1.41% of iShares Convertible Bond ETF worth $39,435,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Front Row Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 4.1% during the 2nd quarter. Front Row Advisors LLC now owns 3,192 shares of the company’s stock worth $288,000 after buying an additional 125 shares in the last quarter. Savvy Advisors Inc. lifted its position in shares of iShares Convertible Bond ETF by 2.1% during the 2nd quarter. Savvy Advisors Inc. now owns 8,128 shares of the company’s stock valued at $732,000 after acquiring an additional 166 shares during the period. CW Advisors LLC boosted its stake in iShares Convertible Bond ETF by 0.5% during the second quarter. CW Advisors LLC now owns 35,684 shares of the company’s stock worth $3,215,000 after acquiring an additional 180 shares in the last quarter. Sagespring Wealth Partners LLC grew its holdings in iShares Convertible Bond ETF by 1.1% in the third quarter. Sagespring Wealth Partners LLC now owns 19,323 shares of the company’s stock worth $1,933,000 after purchasing an additional 219 shares during the period. Finally, McNaughton Wealth Management LLC grew its holdings in iShares Convertible Bond ETF by 5.0% in the third quarter. McNaughton Wealth Management LLC now owns 4,819 shares of the company’s stock worth $482,000 after purchasing an additional 231 shares during the period.

iShares Convertible Bond ETF Trading Up 22.3%

Shares of BATS ICVT opened at $104.15 on Monday. The firm’s 50-day moving average price is $101.29 and its 200-day moving average price is $99.01. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.