FFG Retirement Advisors LLC Invests $2.29 Million in iShares Convertible Bond ETF $ICVT

FFG Retirement Advisors LLC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,922 shares of the company’s stock, valued at approximately $2,293,000. iShares Convertible Bond ETF comprises about 1.4% of FFG Retirement Advisors LLC’s portfolio, making the stock its 29th biggest position. FFG Retirement Advisors LLC owned 0.08% of iShares Convertible Bond ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in ICVT. Independent Wealth Network Inc. boosted its holdings in iShares Convertible Bond ETF by 5.9% during the 2nd quarter. Independent Wealth Network Inc. now owns 7,182 shares of the company’s stock valued at $647,000 after acquiring an additional 397 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in iShares Convertible Bond ETF in the second quarter valued at approximately $2,278,000. AE Wealth Management LLC boosted its stake in shares of iShares Convertible Bond ETF by 310.9% during the second quarter. AE Wealth Management LLC now owns 48,905 shares of the company’s stock valued at $4,406,000 after purchasing an additional 37,004 shares during the period. McAdam LLC boosted its stake in shares of iShares Convertible Bond ETF by 10.6% during the second quarter. McAdam LLC now owns 4,462 shares of the company’s stock valued at $402,000 after purchasing an additional 427 shares during the period. Finally, Croban grew its holdings in shares of iShares Convertible Bond ETF by 12.6% in the second quarter. Croban now owns 11,542 shares of the company’s stock worth $1,040,000 after purchasing an additional 1,292 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 16.5%

Shares of BATS ICVT opened at $99.15 on Tuesday. The firm’s fifty day moving average is $100.11 and its 200 day moving average is $96.47. iShares Convertible Bond ETF has a 52 week low of $75.97 and a 52 week high of $93.29.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.