Sagespring Wealth Partners LLC Cuts Stock Position in iShares Convertible Bond ETF $ICVT

Sagespring Wealth Partners LLC lessened its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 44.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,690 shares of the company’s stock after selling 8,633 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in iShares Convertible Bond ETF were worth $1,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ICVT. Focus Partners Wealth purchased a new position in iShares Convertible Bond ETF in the first quarter worth $663,000. Creative Planning acquired a new position in shares of iShares Convertible Bond ETF during the second quarter worth $350,000. Rockefeller Capital Management L.P. purchased a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $3,469,000. Global Retirement Partners LLC purchased a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $217,000. Finally, Advisors Asset Management Inc. boosted its position in shares of iShares Convertible Bond ETF by 4.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 9,789 shares of the company’s stock worth $882,000 after purchasing an additional 376 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT stock opened at $102.46 on Monday. The stock’s fifty day moving average price is $103.95 and its 200 day moving average price is $101.39. iShares Convertible Bond ETF has a 1-year low of $77.02 and a 1-year 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.