Redhawk Wealth Advisors Inc. Takes $9.32 Million Position in iShares Convertible Bond ETF (BATS:ICVT)

Redhawk Wealth Advisors Inc. acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 109,694 shares of the company’s stock, valued at approximately $9,321,000. iShares Convertible Bond ETF comprises 1.3% of Redhawk Wealth Advisors Inc.’s investment portfolio, making the stock its 16th biggest position. Redhawk Wealth Advisors Inc. owned approximately 0.45% of iShares Convertible Bond ETF as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. lifted its position in iShares Convertible Bond ETF by 9.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 34,751 shares of the company’s stock valued at $2,732,000 after acquiring an additional 2,864 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares Convertible Bond ETF by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock worth $86,079,000 after purchasing an additional 138,493 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new stake in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $254,000. True Vision MN LLC boosted its position in shares of iShares Convertible Bond ETF by 15.0% in the 2nd quarter. True Vision MN LLC now owns 4,125 shares of the company’s stock worth $324,000 after purchasing an additional 539 shares in the last quarter. Finally, AE Wealth Management LLC grew its stake in iShares Convertible Bond ETF by 27.1% during the 2nd quarter. AE Wealth Management LLC now owns 8,066 shares of the company’s stock worth $634,000 after buying an additional 1,721 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 0.9 %

Shares of BATS:ICVT opened at $85.87 on Thursday. The business’s 50-day moving average is $87.07 and its 200 day moving average is $83.37. iShares Convertible Bond ETF has a 1 year low of $50.43 and a 1 year high of $58.18.

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.