Axxcess Wealth Management LLC Sells 16,804 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Axxcess Wealth Management LLC trimmed its position in iShares Convertible Bond ETF (BATS:ICVT) by 80.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,133 shares of the company’s stock after selling 16,804 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICVT. Susquehanna International Group LLP bought a new position in iShares Convertible Bond ETF in the second quarter worth approximately $80,458,000. 1832 Asset Management L.P. raised its position in shares of iShares Convertible Bond ETF by 162.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after acquiring an additional 452,039 shares in the last quarter. Certified Advisory Corp purchased a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter worth $12,818,000. Assetmark Inc. boosted its position in iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock valued at $21,306,000 after purchasing an additional 152,939 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in iShares Convertible Bond ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock valued at $86,079,000 after purchasing an additional 138,493 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 0.2 %

Shares of iShares Convertible Bond ETF stock opened at $86.77 on Thursday. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18. The company has a 50-day simple moving average of $83.52 and a two-hundred day simple moving average of $80.62.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1528 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Convertible Bond ETF 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.