FFG Retirement Advisors LLC Makes New Investment in iShares Convertible Bond ETF $ICVT

FFG Retirement Advisors LLC bought a new position in iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 22,922 shares of the company’s stock, valued at approximately $2,293,000. iShares Convertible Bond ETF comprises approximately 1.4% of FFG Retirement Advisors LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds also recently made changes to their positions in ICVT. Sound Income Strategies LLC raised its holdings in iShares Convertible Bond ETF by 585.4% in the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock worth $29,000 after purchasing an additional 240 shares in the last quarter. Cape Investment Advisory Inc. grew 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 worth $30,000 after buying an additional 224 shares during the period. Anderson Financial Strategies LLC bought a new position in shares of iShares Convertible Bond ETF in the 1st quarter worth about $39,000. Private Wealth Asset Management LLC purchased a new position in iShares Convertible Bond ETF during the 2nd quarter valued at about $48,000. Finally, Hantz Financial Services Inc. bought a new stake in iShares Convertible Bond ETF during the second quarter worth about $84,000.

iShares Convertible Bond ETF Stock Up 16.5%

Shares of BATS ICVT opened at $99.15 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29. The company has a 50 day simple moving average of $100.11 and a two-hundred day simple moving average of $96.47.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.