AE Wealth Management LLC Purchases 11,732 Shares of iShares Convertible Bond ETF $ICVT

AE Wealth Management LLC increased its position in iShares Convertible Bond ETF (BATS:ICVT) by 80.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,340 shares of the company’s stock after purchasing an additional 11,732 shares during the quarter. AE Wealth Management LLC owned approximately 0.09% of iShares Convertible Bond ETF worth $2,594,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA raised its stake in iShares Convertible Bond ETF by 7.3% during the fourth quarter. Private Trust Co. NA now owns 5,309 shares of the company’s stock worth $523,000 after acquiring an additional 359 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in iShares Convertible Bond ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,855 shares of the company’s stock worth $2,941,000 after acquiring an additional 3,317 shares in the last quarter. Quadrant Private Wealth Management LLC raised its stake in iShares Convertible Bond ETF by 20.8% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 5,277 shares of the company’s stock worth $520,000 after acquiring an additional 908 shares in the last quarter. CWM LLC raised its stake in iShares Convertible Bond ETF by 4.9% during the fourth quarter. CWM LLC now owns 166,618 shares of the company’s stock worth $16,412,000 after acquiring an additional 7,770 shares in the last quarter. Finally, Valmark Advisers Inc. raised its stake in iShares Convertible Bond ETF by 39.0% during the fourth quarter. Valmark Advisers Inc. now owns 4,131 shares of the company’s stock worth $407,000 after acquiring an additional 1,158 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 0.3%

iShares Convertible Bond ETF stock opened at $112.35 on Tuesday. The stock has a fifty day moving average price of $104.83 and a two-hundred day moving average price of $102.49. iShares Convertible Bond ETF has a 52-week low of $80.74 and a 52-week high of $112.60.

iShares Convertible Bond ETF 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.