Kestra Advisory Services LLC Reduces Position in iShares Convertible Bond ETF $ICVT

Kestra Advisory Services LLC trimmed its position in iShares Convertible Bond ETF (BATS:ICVT) by 37.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,084 shares of the company’s stock after selling 20,731 shares during the quarter. Kestra Advisory Services LLC owned 0.12% of iShares Convertible Bond ETF worth $3,469,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ICVT. Focus Partners Wealth bought a new position in shares of iShares Convertible Bond ETF during the first quarter valued at approximately $663,000. Creative Planning bought a new stake in iShares Convertible Bond ETF in the second quarter valued at $350,000. Qube Research & Technologies Ltd increased its position in iShares Convertible Bond ETF by 144.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after purchasing an additional 1,969 shares during the period. BNP Paribas Financial Markets increased its position in iShares Convertible Bond ETF by 137.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after purchasing an additional 31,263 shares during the period. Finally, MML Investors Services LLC raised its holdings in iShares Convertible Bond ETF by 7.5% in the 2nd quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock worth $12,959,000 after purchasing an additional 9,991 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $113.74 on Friday. iShares Convertible Bond ETF has a 1 year low of $90.77 and a 1 year high of $126.56. The firm has a 50-day moving average of $119.11 and a 200 day moving average of $110.06.

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.