iShares Convertible Bond ETF (BATS:ICVT) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC trimmed its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 3.9% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 419,335 shares of the company’s stock after selling 17,144 shares during the period. New York Life Investment Management LLC’s holdings in iShares Convertible Bond ETF were worth $32,972,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in iShares Convertible Bond ETF in the 1st quarter worth $26,000. LGT Financial Advisors LLC increased its stake in shares of iShares Convertible Bond ETF by 336.1% during the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares in the last quarter. LRI Investments LLC acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth about $29,000. International Assets Investment Management LLC purchased a new position in iShares Convertible Bond ETF in the 2nd quarter valued at about $33,000. Finally, Banque Cantonale Vaudoise boosted its holdings in iShares Convertible Bond ETF by 34.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after buying an additional 170 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 0.6 %

BATS:ICVT opened at $79.74 on Friday. The stock has a 50 day moving average of $79.72 and a two-hundred day moving average of $78.80. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1528 dividend. 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.