B. Riley Wealth Advisors Inc. Invests $2.28 Million in iShares Convertible Bond ETF $ICVT

B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 25,281 shares of the company’s stock, valued at approximately $2,278,000. B. Riley Wealth Advisors Inc. owned 0.09% of iShares Convertible Bond ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealth Preservation Advisors LLC acquired a new position in shares of iShares Convertible Bond ETF during the first quarter worth $29,000. Cape Investment Advisory Inc. increased its stake in iShares Convertible Bond ETF by 171.0% during the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after buying an additional 224 shares during the period. Anderson Financial Strategies LLC purchased a new stake in iShares Convertible Bond ETF during the 1st quarter worth $39,000. Private Wealth Asset Management LLC acquired a new position in iShares Convertible Bond ETF in the 2nd quarter worth $48,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in iShares Convertible Bond ETF by 537.6% in the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 746 shares of the company’s stock valued at $62,000 after buying an additional 629 shares during the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of iShares Convertible Bond ETF stock opened at $99.48 on Monday. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $93.29. The business has a 50-day moving average of $100.80 and a 200-day moving average of $95.60.

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.