Assetmark Inc. Decreases Holdings in iShares Convertible Bond ETF $ICVT

Assetmark Inc. reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 16.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 178,326 shares of the company’s stock after selling 35,972 shares during the period. Assetmark Inc. owned about 0.64% of iShares Convertible Bond ETF worth $17,565,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of iShares Convertible Bond ETF by 1.1% during the third quarter. Oppenheimer & Co. Inc. now owns 9,283 shares of the company’s stock worth $929,000 after acquiring an additional 102 shares during the last quarter. Sunbelt Securities Inc. increased its stake in iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after buying an additional 104 shares during the period. First Heartland Consultants Inc. raised its position in shares of iShares Convertible Bond ETF by 5.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,355 shares of the company’s stock worth $236,000 after buying an additional 122 shares in the last quarter. Sowell Financial Services LLC raised its holdings in iShares Convertible Bond ETF by 5.1% during the fourth quarter. Sowell Financial Services LLC now owns 2,969 shares of the company’s stock worth $292,000 after purchasing an additional 143 shares in the last quarter. Finally, Front Row Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 6.3% during the 3rd quarter. Front Row Advisors LLC now owns 3,392 shares of the company’s stock valued at $339,000 after purchasing an additional 200 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $111.20 on Friday. iShares Convertible Bond ETF has a 1-year low of $80.74 and a 1-year high of $111.39. The company has a 50 day moving average price of $104.53 and a 200 day moving average price of $102.30.

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.