SteelPeak Wealth LLC Decreases Stock Position in iShares Convertible Bond ETF $ICVT

SteelPeak Wealth LLC decreased its position in iShares Convertible Bond ETF (BATS:ICVT) by 57.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,716 shares of the company’s stock after selling 15,715 shares during the quarter. SteelPeak Wealth LLC’s holdings in iShares Convertible Bond ETF were worth $1,193,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Frisch Financial Group Inc. purchased a new position in shares of iShares Convertible Bond ETF in the first quarter valued at $260,000. Sofi Wealth LLC purchased a new stake in iShares Convertible Bond ETF during the 1st quarter worth $1,558,000. Independent Financial Group LLC purchased a new stake in iShares Convertible Bond ETF during the 1st quarter worth $696,000. Quartz Partners LLC lifted its holdings in iShares Convertible Bond ETF by 0.6% in the 1st quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock worth $2,087,000 after buying an additional 120 shares in the last quarter. Finally, Mcmorgan & Co. LLC acquired a new position in iShares Convertible Bond ETF in the 1st quarter worth $8,059,000.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $113.74 on Friday. The firm has a 50-day moving average of $119.11 and a two-hundred day moving average of $110.06. iShares Convertible Bond ETF has a 1-year low of $90.77 and a 1-year high of $126.56.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.