Merit Financial Group LLC Invests $365,000 in iShares Convertible Bond ETF (BATS:ICVT)

Merit Financial Group LLC acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,298 shares of the company’s stock, valued at approximately $365,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Susquehanna International Group LLP purchased a new position in shares of iShares Convertible Bond ETF during the second quarter worth $80,458,000. Assetmark Inc. raised its holdings in shares of iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after purchasing an additional 152,939 shares during the last quarter. Insight Wealth Strategies LLC purchased a new position in shares of iShares Convertible Bond ETF during the fourth quarter worth $10,815,000. Lebenthal Global Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 93.4% during the third quarter. Lebenthal Global Advisors LLC now owns 227,871 shares of the company’s stock worth $19,066,000 after purchasing an additional 110,055 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new position in iShares Convertible Bond ETF in the fourth quarter valued at $9,321,000.

iShares Convertible Bond ETF Stock Up 3.1 %

ICVT opened at $87.81 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The company has a fifty day moving average of $87.19 and a two-hundred day moving average of $83.76.

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.