HighTower Advisors LLC Cuts Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

HighTower Advisors LLC lowered its stake in iShares Convertible Bond ETF (BATS:ICVT – Get Rating) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,317 shares of the company’s stock after selling 1,944 shares during the period. HighTower Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $1,845,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AMG National Trust Bank increased its stake in iShares Convertible Bond ETF by 503.3% in the 4th quarter. AMG National Trust Bank now owns 896,332 shares of the company’s stock worth $62,268,000 after purchasing an additional 747,768 shares during the period. BlackRock Inc. increased its stake in shares of iShares Convertible Bond ETF by 57,927.6% in the first quarter. BlackRock Inc. now owns 221,085 shares of the company’s stock worth $18,420,000 after buying an additional 220,704 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in iShares Convertible Bond ETF by 294.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 226,096 shares of the company’s stock valued at $15,578,000 after buying an additional 168,737 shares during the last quarter. Advisory Alpha LLC boosted its position in iShares Convertible Bond ETF by 79.5% during the 4th quarter. Advisory Alpha LLC now owns 338,834 shares of the company’s stock valued at $23,544,000 after buying an additional 150,099 shares during the period. Finally, Royal Bank of Canada grew its holdings in iShares Convertible Bond ETF by 235.8% in the 3rd quarter. Royal Bank of Canada now owns 150,527 shares of the company’s stock worth $10,372,000 after acquiring an additional 105,706 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

ICVT stock opened at $72.05 on Thursday. The firm’s 50-day moving average price is $71.71 and its two-hundred day moving average price is $71.74. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18.

iShares Convertible Bond ETF Profile

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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.