Merit Financial Group LLC Boosts Holdings in iShares Convertible Bond ETF $ICVT

Merit Financial Group LLC increased its position in iShares Convertible Bond ETF (BATS:ICVT) by 62.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,535 shares of the company’s stock after purchasing an additional 12,515 shares during the period. Merit Financial Group LLC owned approximately 0.12% of iShares Convertible Bond ETF worth $3,255,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ICVT. Aprio Wealth Management LLC purchased a new stake in shares of iShares Convertible Bond ETF during the first quarter valued at approximately $253,000. Advisors Asset Management Inc. lifted its position in iShares Convertible Bond ETF by 7.5% in the 1st quarter. Advisors Asset Management Inc. now owns 9,413 shares of the company’s stock valued at $787,000 after acquiring an additional 655 shares in the last quarter. NewEdge Advisors LLC boosted its stake in iShares Convertible Bond ETF by 9.5% during the 1st quarter. NewEdge Advisors LLC now owns 91,236 shares of the company’s stock valued at $7,628,000 after purchasing an additional 7,886 shares during the last quarter. Cape Investment Advisory Inc. increased its holdings in shares of iShares Convertible Bond ETF by 171.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after purchasing an additional 224 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of iShares Convertible Bond ETF by 36.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock worth $104,680,000 after purchasing an additional 334,100 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 17.5%

iShares Convertible Bond ETF stock opened at $100.03 on Friday. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29. The business’s fifty day moving average is $99.90 and its 200 day moving average is $96.66.

iShares Convertible Bond ETF Company 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.