Ocean Park Asset Management LLC Decreases Stake in iShares Convertible Bond ETF $ICVT

Ocean Park Asset Management LLC reduced its position in iShares Convertible Bond ETF (BATS:ICVT) by 38.4% during the second quarter, HoldingsChannel reports. The fund owned 258,837 shares of the company’s stock after selling 161,363 shares during the quarter. iShares Convertible Bond ETF comprises 1.5% of Ocean Park Asset Management LLC’s holdings, making the stock its 16th biggest position. Ocean Park Asset Management LLC’s holdings in iShares Convertible Bond ETF were worth $31,511,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. World Investment Advisors purchased a new position in iShares Convertible Bond ETF in the 4th quarter valued at approximately $414,000. CWM LLC lifted its position in shares of iShares Convertible Bond ETF by 4.9% during the fourth quarter. CWM LLC now owns 166,618 shares of the company’s stock worth $16,412,000 after acquiring an additional 7,770 shares in the last quarter. Plan Group Financial LLC lifted its position in shares of iShares Convertible Bond ETF by 23.3% during the fourth quarter. Plan Group Financial LLC now owns 57,309 shares of the company’s stock worth $5,645,000 after acquiring an additional 10,819 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of iShares Convertible Bond ETF during the first quarter worth $560,000. Finally, Entelevest LLC bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth $599,000.

iShares Convertible Bond ETF Stock Up 0.2%

iShares Convertible Bond ETF stock opened at $115.41 on Wednesday. iShares Convertible Bond ETF has a one year low of $91.56 and a one year high of $126.56. The business has a fifty day moving average price of $117.70 and a 200-day moving average price of $111.68.

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.