Brueske Advisory Services LLC Buys New Position in iShares Convertible Bond ETF $ICVT

Brueske Advisory Services LLC bought a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,298 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ICVT. Wealth Enhancement Advisory Services LLC grew its position in iShares Convertible Bond ETF by 11.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 70,768 shares of the company’s stock valued at $6,013,000 after buying an additional 6,998 shares in the last quarter. Merit Financial Group LLC grew its position in iShares Convertible Bond ETF by 498.8% in the 1st quarter. Merit Financial Group LLC now owns 25,737 shares of the company’s stock valued at $2,152,000 after buying an additional 21,439 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in iShares Convertible Bond ETF by 31.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,289 shares of the company’s stock valued at $442,000 after buying an additional 1,256 shares in the last quarter. Cypress Wealth Services LLC grew its position in iShares Convertible Bond ETF by 11.3% in the 1st quarter. Cypress Wealth Services LLC now owns 3,524 shares of the company’s stock valued at $295,000 after buying an additional 357 shares in the last quarter. Finally, FFG Retirement Advisors LLC grew its position in iShares Convertible Bond ETF by 1,106.8% in the 1st quarter. FFG Retirement Advisors LLC now owns 31,993 shares of the company’s stock valued at $2,675,000 after buying an additional 29,342 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 17.6%

Shares of ICVT opened at $100.10 on Wednesday. The firm has a 50-day moving average price of $94.86 and a 200 day moving average price of $89.34. iShares Convertible Bond ETF has a 52-week low of $75.97 and a 52-week high of $93.29.

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.