WCG Wealth Advisors LLC Invests $1.15 Million in iShares Convertible Bond ETF $ICVT

WCG Wealth Advisors LLC bought a new position in iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,681 shares of the company’s stock, valued at approximately $1,151,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ICVT. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 33.8% in the third quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock worth $124,956,000 after acquiring an additional 315,685 shares during the last quarter. Tradewinds Capital Management LLC increased its stake in shares of iShares Convertible Bond ETF by 9,488.8% in the fourth quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock valued at $18,682,000 after buying an additional 187,688 shares during the period. Systelligence LLC increased its stake in shares of iShares Convertible Bond ETF by 168.1% in the fourth quarter. Systelligence LLC now owns 219,777 shares of the company’s stock valued at $21,648,000 after buying an additional 137,808 shares during the period. Assetmark Inc. increased its stake in shares of iShares Convertible Bond ETF by 167.5% in the third quarter. Assetmark Inc. now owns 214,298 shares of the company’s stock valued at $21,441,000 after buying an additional 134,193 shares during the period. Finally, Dynasty Wealth Management LLC increased its stake in shares of iShares Convertible Bond ETF by 412.2% in the fourth quarter. Dynasty Wealth Management LLC now owns 126,688 shares of the company’s stock valued at $12,479,000 after buying an additional 101,954 shares during the period.

iShares Convertible Bond ETF Stock Down 4.2%

iShares Convertible Bond ETF stock opened at $117.65 on Friday. The business has a 50 day moving average of $113.05 and a 200-day moving average of $105.83. iShares Convertible Bond ETF has a 1 year low of $87.43 and a 1 year high of $124.22.

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