KFG Wealth Management LLC Trims Stock Position in iShares Convertible Bond ETF (BATS:ICVT)

KFG Wealth Management LLC lessened its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 28.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,437 shares of the company’s stock after selling 9,101 shares during the period. KFG Wealth Management LLC owned approximately 0.07% of iShares Convertible Bond ETF worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Wells Financial Advisors INC purchased a new position in iShares Convertible Bond ETF in the fourth quarter valued at $26,000. Spire Wealth Management increased its holdings in iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after buying an additional 164 shares in the last quarter. Franklin Resources Inc. purchased a new position in iShares Convertible Bond ETF in the fourth quarter valued at $62,000. Elevation Wealth Partners LLC increased its holdings in iShares Convertible Bond ETF by 42.6% in the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock valued at $76,000 after buying an additional 268 shares in the last quarter. Finally, LGT Financial Advisors LLC increased its holdings in iShares Convertible Bond ETF by 77.6% in the fourth quarter. LGT Financial Advisors LLC now owns 934 shares of the company’s stock valued at $79,000 after buying an additional 408 shares in the last quarter.

iShares Convertible Bond ETF Stock Up 3.6%

ICVT opened at $88.23 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $89.71. The company has a fifty day moving average of $84.64 and a two-hundred day moving average of $86.03.

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.