Assetmark Inc. reduced its position in shares of iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 4.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,440 shares of the company’s stock after selling 7,886 shares during the period. Assetmark Inc. owned 0.61% of iShares Convertible Bond ETF worth $17,349,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Frisch Financial Group Inc. acquired a new stake in shares of iShares Convertible Bond ETF in the first quarter worth approximately $260,000. Sofi Wealth LLC purchased a new position in iShares Convertible Bond ETF in the 1st quarter valued at $1,558,000. Independent Financial Group LLC purchased a new position in iShares Convertible Bond ETF in the 1st quarter valued at $696,000. Quartz Partners LLC lifted its holdings in iShares Convertible Bond ETF by 0.6% in the 1st quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock valued at $2,087,000 after purchasing an additional 120 shares in the last quarter. Finally, Mcmorgan & Co. LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth $8,059,000.
iShares Convertible Bond ETF Price Performance
iShares Convertible Bond ETF stock opened at $113.74 on Monday. iShares Convertible Bond ETF has a 52-week low of $90.77 and a 52-week high of $126.56. The company has a fifty day simple moving average of $119.11 and a 200-day simple moving average of $110.13.
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.
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