Mascagni Wealth Management Inc. Has $8.27 Million Stock Position in iShares Convertible Bond ETF $ICVT

Mascagni Wealth Management Inc. lifted its holdings in shares of iShares Convertible Bond ETF (BATS:ICVT) by 9.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 81,241 shares of the company’s stock after purchasing an additional 6,891 shares during the period. iShares Convertible Bond ETF comprises about 5.9% of Mascagni Wealth Management Inc.’s investment portfolio, making the stock its biggest position. Mascagni Wealth Management Inc. owned 0.29% of iShares Convertible Bond ETF worth $8,270,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Strategic Advocates LLC grew its stake in shares of iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in shares of iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after acquiring an additional 104 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in iShares Convertible Bond ETF during the 1st quarter valued at about $58,000. CIBC Private Wealth Group LLC grew its position in iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after acquiring an additional 376 shares during the last quarter. Finally, NBT Bank N A NY increased its stake in iShares Convertible Bond ETF by 527.3% in the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after purchasing an additional 522 shares during the period.

iShares Convertible Bond ETF Price Performance

BATS:ICVT opened at $113.38 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $90.77 and a fifty-two week high of $126.56. The business has a 50 day moving average price of $118.54 and a 200-day moving average price of $110.99.

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.