Financial Architects Inc Grows Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

Financial Architects Inc grew its position in iShares Convertible Bond ETF (BATS:ICVT) by 2.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,724 shares of the company’s stock after buying an additional 607 shares during the quarter. Financial Architects Inc’s holdings in iShares Convertible Bond ETF were worth $2,317,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wealthcare Advisory Partners LLC purchased a new position in shares of iShares Convertible Bond ETF in the first quarter valued at $26,000. Founders Financial Alliance LLC acquired a new stake in shares of iShares Convertible Bond ETF during the first quarter valued at $83,000. Allred Capital Management LLC acquired a new stake in shares of iShares Convertible Bond ETF during the first quarter valued at $98,000. Arkadios Wealth Advisors boosted its stake in shares of iShares Convertible Bond ETF by 145.0% during the second quarter. Arkadios Wealth Advisors now owns 980 shares of the company’s stock valued at $99,000 after acquiring an additional 580 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF by 45.2% during the first quarter. Catalyst Capital Advisors LLC now owns 1,060 shares of the company’s stock valued at $104,000 after acquiring an additional 330 shares during the last quarter.

BATS:ICVT traded down $0.34 during mid-day trading on Wednesday, reaching $101.08. The company’s stock had a trading volume of 177,131 shares. The company’s fifty day simple moving average is $100.44 and its two-hundred day simple moving average is $99.85. iShares Convertible Bond ETF has a twelve month low of $50.43 and a twelve month high of $58.18.

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Institutional Ownership by Quarter for iShares Convertible Bond ETF (BATS:ICVT)

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