Sagespring Wealth Partners LLC Raises Stock Holdings in iShares Convertible Bond ETF $ICVT

Sagespring Wealth Partners LLC boosted its stake in iShares Convertible Bond ETF (BATS:ICVT) by 4.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,104 shares of the company’s stock after buying an additional 845 shares during the period. Sagespring Wealth Partners LLC’s holdings in iShares Convertible Bond ETF were worth $1,721,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Columbia River Financial Group LLC purchased a new stake in iShares Convertible Bond ETF during the first quarter worth about $29,000. Wealth Preservation Advisors LLC purchased a new stake in iShares Convertible Bond ETF during the first quarter worth about $29,000. Cape Investment Advisory Inc. increased its stake in iShares Convertible Bond ETF by 171.0% during the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after purchasing an additional 224 shares during the period. Anderson Financial Strategies LLC purchased a new stake in iShares Convertible Bond ETF during the first quarter worth about $39,000. Finally, Sunbelt Securities Inc. increased its stake in iShares Convertible Bond ETF by 76.1% during the first quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock worth $42,000 after purchasing an additional 217 shares during the period.

iShares Convertible Bond ETF Trading Up 20.7%

Shares of BATS:ICVT opened at $102.79 on Wednesday. The firm’s 50-day moving average is $96.74 and its two-hundred day moving average is $90.49. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year 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.