Goldman Sachs Group Inc. Decreases Position in iShares Convertible Bond ETF $ICVT

Goldman Sachs Group Inc. decreased its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 936,900 shares of the company’s stock after selling 73,600 shares during the quarter. Goldman Sachs Group Inc. owned approximately 3.35% of iShares Convertible Bond ETF worth $92,285,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Calton & Associates Inc. lifted its stake in iShares Convertible Bond ETF by 14.4% during the fourth quarter. Calton & Associates Inc. now owns 4,162 shares of the company’s stock worth $410,000 after purchasing an additional 524 shares during the last quarter. Tidemark LLC lifted its stake in iShares Convertible Bond ETF by 7.4% during the fourth quarter. Tidemark LLC now owns 15,882 shares of the company’s stock worth $1,564,000 after purchasing an additional 1,096 shares during the last quarter. Dynasty Wealth Management LLC lifted its stake in iShares Convertible Bond ETF by 412.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 126,688 shares of the company’s stock worth $12,479,000 after purchasing an additional 101,954 shares during the last quarter. SSI Investment Management LLC lifted its stake in iShares Convertible Bond ETF by 0.4% during the fourth quarter. SSI Investment Management LLC now owns 74,253 shares of the company’s stock worth $7,314,000 after purchasing an additional 323 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in iShares Convertible Bond ETF by 86.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 30,857 shares of the company’s stock worth $3,039,000 after purchasing an additional 14,272 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

ICVT stock opened at $117.37 on Wednesday. The business has a 50 day moving average price of $113.70 and a 200 day moving average price of $106.18. iShares Convertible Bond ETF has a fifty-two week low of $87.43 and a fifty-two week high of $124.22.

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.