BCGM Wealth Management LLC Has $437,000 Stake in iShares Convertible Bond ETF $ICVT

BCGM Wealth Management LLC decreased its stake in iShares Convertible Bond ETF (BATS:ICVT) by 27.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,851 shares of the company’s stock after selling 1,836 shares during the quarter. BCGM Wealth Management LLC’s holdings in iShares Convertible Bond ETF were worth $437,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ICVT. Goldman Sachs Group Inc. boosted its stake in iShares Convertible Bond ETF by 36.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,252,000 shares of the company’s stock worth $104,680,000 after purchasing an additional 334,100 shares in the last quarter. Deutsche Bank AG bought a new stake in iShares Convertible Bond ETF in the first quarter valued at about $20,735,000. BlueStem Wealth Partners LLC increased its holdings in iShares Convertible Bond ETF by 507.2% in the first quarter. BlueStem Wealth Partners LLC now owns 198,516 shares of the company’s stock valued at $16,598,000 after purchasing an additional 165,825 shares during the last quarter. Insight Wealth Strategies LLC grew its stake in iShares Convertible Bond ETF by 90.4% in the second quarter. Insight Wealth Strategies LLC now owns 245,103 shares of the company’s stock valued at $21,885,000 after acquiring an additional 116,343 shares during the period. Finally, Advance Capital Management Inc. acquired a new position in iShares Convertible Bond ETF in the second quarter valued at about $9,830,000.

iShares Convertible Bond ETF Stock Up 21.3%

ICVT stock opened at $103.24 on Monday. The business has a 50-day moving average of $99.32 and a 200-day moving average of $92.60. iShares Convertible Bond ETF has a fifty-two week low of $75.97 and a fifty-two week high of $93.29.

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.