Hershey Financial Advisers LLC Makes New $4.12 Million Investment in iShares Convertible Bond ETF $ICVT

Hershey Financial Advisers LLC acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 45,709 shares of the company’s stock, valued at approximately $4,118,000. iShares Convertible Bond ETF accounts for 3.7% of Hershey Financial Advisers LLC’s portfolio, making the stock its 4th biggest position. Hershey Financial Advisers LLC owned approximately 0.16% of iShares Convertible Bond ETF at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Front Row Advisors LLC grew its holdings in shares of iShares Convertible Bond ETF by 4.1% during the second quarter. Front Row Advisors LLC now owns 3,192 shares of the company’s stock valued at $288,000 after purchasing an additional 125 shares during the last quarter. Capital Analysts LLC boosted its position in iShares Convertible Bond ETF by 3.0% during the 1st quarter. Capital Analysts LLC now owns 4,407 shares of the company’s stock valued at $369,000 after purchasing an additional 129 shares during the period. Barnes Wealth Management Group Inc grew its stake in iShares Convertible Bond ETF by 4.3% during the 1st quarter. Barnes Wealth Management Group Inc now owns 3,283 shares of the company’s stock worth $274,000 after buying an additional 134 shares during the last quarter. Capital Wealth Management LLC increased its position in iShares Convertible Bond ETF by 0.4% in the second quarter. Capital Wealth Management LLC now owns 37,826 shares of the company’s stock worth $3,408,000 after buying an additional 149 shares during the period. Finally, Global Financial Private Client LLC lifted its stake in iShares Convertible Bond ETF by 1.4% in the second quarter. Global Financial Private Client LLC now owns 11,566 shares of the company’s stock valued at $1,042,000 after buying an additional 155 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $99.48 on Friday. iShares Convertible Bond ETF has a one year low of $75.97 and a one year high of $93.29. The company has a 50-day simple moving average of $100.80 and a 200-day simple moving average of $95.54.

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.