Arkadios Wealth Advisors Buys Shares of 2,406 iShares Convertible Bond ETF (BATS:ICVT)

Arkadios Wealth Advisors bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,406 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ICVT. Merit Financial Group LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at $365,000. Certified Advisory Corp raised its holdings in shares of iShares Convertible Bond ETF by 0.9% in the 4th quarter. Certified Advisory Corp now owns 168,094 shares of the company’s stock valued at $14,283,000 after buying an additional 1,565 shares during the period. Cypress Wealth Services LLC raised its holdings in shares of iShares Convertible Bond ETF by 24.6% in the 4th quarter. Cypress Wealth Services LLC now owns 3,167 shares of the company’s stock valued at $269,000 after buying an additional 625 shares during the period. Retireful LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at $2,111,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of iShares Convertible Bond ETF by 23.4% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock valued at $343,000 after buying an additional 766 shares during the period.

iShares Convertible Bond ETF Trading Up 3.1 %

ICVT stock opened at $87.81 on Friday. iShares Convertible Bond ETF has a 12-month low of $50.43 and a 12-month high of $58.18. The business’s fifty day moving average price is $87.19 and its 200 day moving average price is $83.76.

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.