Outlook Wealth Advisors LLC Reduces Stock Holdings in iShares Convertible Bond ETF (BATS:ICVT)

Outlook Wealth Advisors LLC reduced its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,366 shares of the company’s stock after selling 259 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in iShares Convertible Bond ETF were worth $966,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Redhawk Wealth Advisors Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $9,321,000. Park Avenue Securities LLC lifted its holdings in iShares Convertible Bond ETF by 43.9% in the fourth quarter. Park Avenue Securities LLC now owns 78,297 shares of the company’s stock worth $6,653,000 after buying an additional 23,902 shares during the period. Quad Cities Investment Group LLC boosted its position in iShares Convertible Bond ETF by 4.6% during the 4th quarter. Quad Cities Investment Group LLC now owns 11,236 shares of the company’s stock valued at $955,000 after acquiring an additional 496 shares in the last quarter. Signal Advisors Wealth LLC purchased a new position in shares of iShares Convertible Bond ETF during the 4th quarter worth approximately $216,000. Finally, PSI Advisors LLC bought a new position in shares of iShares Convertible Bond ETF in the 4th quarter worth approximately $29,000.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $85.87 on Thursday. The business has a 50 day moving average of $87.07 and a 200-day moving average of $83.37. iShares Convertible Bond ETF has a 52 week low of $50.43 and a 52 week high of $58.18.

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.