United Advisor Group LLC Has $923,000 Position in iShares Convertible Bond ETF $ICVT

United Advisor Group LLC increased its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 7.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,249 shares of the company’s stock after buying an additional 727 shares during the quarter. United Advisor Group LLC’s holdings in iShares Convertible Bond ETF were worth $923,000 as of its most recent SEC filing.

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

iShares Convertible Bond ETF Trading Up 14.8%

Shares of ICVT stock opened at $97.74 on Wednesday. The firm’s fifty day moving average price is $100.82 and its two-hundred day moving average price is $94.05. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year 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.