Sax Wealth Advisors LLC Invests $225,000 in iShares Convertible Bond ETF $ICVT

Sax Wealth Advisors LLC purchased a new stake in iShares Convertible Bond ETF (BATS:ICVT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,495 shares of the company’s stock, valued at approximately $225,000.

Several other large investors have also recently added to or reduced their stakes in ICVT. Columbia River Financial Group LLC acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at $29,000. Wealth Preservation Advisors LLC acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at $29,000. Cape Investment Advisory Inc. increased its holdings in iShares Convertible Bond ETF by 171.0% in the 1st quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after purchasing an additional 224 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at $39,000. Finally, Abound Wealth Management acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at $42,000.

iShares Convertible Bond ETF Trading Up 20.1%

Shares of BATS ICVT opened at $102.21 on Friday. iShares Convertible Bond ETF has a 12-month low of $75.97 and a 12-month high of $93.29. The stock has a fifty day moving average price of $96.14 and a 200 day moving average price of $90.12.

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.