SG Americas Securities LLC Invests $1.87 Million in iShares Convertible Bond ETF $ICVT

SG Americas Securities LLC bought a new stake in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,794 shares of the company’s stock, valued at approximately $1,874,000. SG Americas Securities LLC owned about 0.07% of iShares Convertible Bond ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Preservation Advisors LLC acquired a new stake in iShares Convertible Bond ETF during the 1st quarter worth about $29,000. Cape Investment Advisory Inc. lifted its position in shares of iShares Convertible Bond ETF by 171.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after acquiring an additional 224 shares in the last quarter. Anderson Financial Strategies LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 1st quarter valued at approximately $39,000. Private Wealth Asset Management LLC acquired a new position in iShares Convertible Bond ETF in the 2nd quarter worth approximately $48,000. Finally, Vermillion & White Wealth Management Group LLC grew its position in iShares Convertible Bond ETF by 537.6% during the 1st quarter. Vermillion & White Wealth Management Group LLC now owns 746 shares of the company’s stock worth $62,000 after purchasing an additional 629 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $97.67 on Thursday. The stock has a fifty day moving average of $100.85 and a 200-day moving average of $94.07. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29.

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.