iShares Convertible Bond ETF (BATS:ICVT) Stake Lessened by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in iShares Convertible Bond ETF (BATS:ICVT) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,765 shares of the company’s stock after selling 2,152 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.13% of iShares Convertible Bond ETF worth $2,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after acquiring an additional 219 shares in the last quarter. LGT Financial Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 336.1% in the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after acquiring an additional 279 shares in the last quarter. International Assets Investment Management LLC bought a new stake in iShares Convertible Bond ETF during the second quarter worth approximately $33,000. Mattson Financial Services LLC bought a new stake in iShares Convertible Bond ETF during the second quarter worth approximately $61,000. Finally, Brown Financial Advisors bought a new stake in iShares Convertible Bond ETF during the second quarter worth approximately $95,000.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $88.29 on Monday. iShares Convertible Bond ETF has a 1-year low of $50.43 and a 1-year high of $58.18. The company has a 50 day moving average price of $86.27 and a 200 day moving average price of $82.16.

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.