Centerline Wealth Advisors LLC Lowers Stake in iShares Convertible Bond ETF $ICVT

Centerline Wealth Advisors LLC lowered its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 66.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,265 shares of the company’s stock after selling 42,491 shares during the period. iShares Convertible Bond ETF makes up 0.8% of Centerline Wealth Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Centerline Wealth Advisors LLC owned about 0.08% of iShares Convertible Bond ETF worth $2,095,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ICVT. Bank of America Corp DE increased its stake in shares of iShares Convertible Bond ETF by 3.2% during the third quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock valued at $264,864,000 after purchasing an additional 82,318 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 33.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock worth $124,956,000 after purchasing an additional 315,685 shares in the last quarter. AMG National Trust Bank grew its stake in shares of iShares Convertible Bond ETF by 1.8% in the 3rd quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock worth $49,652,000 after buying an additional 8,715 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of iShares Convertible Bond ETF by 3.6% in the 3rd quarter. Advisory Alpha LLC now owns 449,503 shares of the company’s stock worth $45,672,000 after buying an additional 15,566 shares during the last quarter. Finally, Greenleaf Trust increased its position in iShares Convertible Bond ETF by 0.5% during the 3rd quarter. Greenleaf Trust now owns 447,550 shares of the company’s stock valued at $44,777,000 after buying an additional 2,270 shares in the last quarter.

iShares Convertible Bond ETF Trading Down 2.2%

Shares of BATS:ICVT opened at $102.46 on Monday. The stock has a fifty day simple moving average of $103.95 and a two-hundred day simple moving average of $101.39. iShares Convertible Bond ETF has a 12-month low of $77.02 and a 12-month high of $106.32.

About iShares Convertible Bond ETF

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.