KFG Wealth Management LLC Purchases Shares of 31,538 iShares Convertible Bond ETF (BATS:ICVT)

KFG Wealth Management LLC acquired a new position in iShares Convertible Bond ETF (BATS:ICVT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,538 shares of the company’s stock, valued at approximately $2,680,000. KFG Wealth Management LLC owned approximately 0.13% of iShares Convertible Bond ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ICVT. EverSource Wealth Advisors LLC grew its position in iShares Convertible Bond ETF by 210.6% during the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after buying an additional 219 shares during the period. PSI Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $29,000. LGT Financial Advisors LLC grew its position in shares of iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new position in iShares Convertible Bond ETF in the 4th quarter worth about $45,000. Finally, Mattson Financial Services LLC purchased a new position in iShares Convertible Bond ETF during the second quarter worth approximately $61,000.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $87.81 on Friday. The stock’s 50 day moving average is $87.19 and its two-hundred day moving average is $83.80. iShares Convertible Bond ETF has a 12 month low of $50.43 and a 12 month high of $58.18.

iShares Convertible Bond ETF 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.