US Bancorp DE Trims Stock Position in iShares Convertible Bond ETF $ICVT

US Bancorp DE lessened its position in iShares Convertible Bond ETF (BATS:ICVT) by 45.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,504 shares of the company’s stock after selling 9,558 shares during the period. US Bancorp DE’s holdings in iShares Convertible Bond ETF were worth $1,037,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ICVT. Goldman Sachs Group Inc. raised its position in shares of iShares Convertible Bond ETF by 36.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock valued at $104,680,000 after buying an additional 334,100 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $20,735,000. BlueStem Wealth Partners LLC raised its position in shares of iShares Convertible Bond ETF by 507.2% in the first quarter. BlueStem Wealth Partners LLC now owns 198,516 shares of the company’s stock valued at $16,598,000 after buying an additional 165,825 shares during the last quarter. Insight Wealth Strategies LLC increased its position in iShares Convertible Bond ETF by 90.4% during the second quarter. Insight Wealth Strategies LLC now owns 245,103 shares of the company’s stock worth $21,885,000 after purchasing an additional 116,343 shares during the last quarter. Finally, Advance Capital Management Inc. acquired a new position in iShares Convertible Bond ETF during the second quarter worth approximately $9,830,000.

iShares Convertible Bond ETF Price Performance

Shares of ICVT stock opened at $101.86 on Friday. The company’s fifty day simple moving average is $97.37 and its 200-day simple moving average is $90.78. iShares Convertible Bond ETF has a 52 week low of $75.97 and a 52 week high of $93.29.

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.