TME Financial Inc. Has $10.99 Million Position in iShares Convertible Bond ETF $ICVT

TME Financial Inc. lifted its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 191.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 111,597 shares of the company’s stock after buying an additional 73,313 shares during the quarter. iShares Convertible Bond ETF comprises approximately 7.7% of TME Financial Inc.’s investment portfolio, making the stock its largest position. TME Financial Inc.’s holdings in iShares Convertible Bond ETF were worth $10,992,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Latitude Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $218,000. Merit Financial Group LLC increased its position in shares of iShares Convertible Bond ETF by 66.7% during the fourth quarter. Merit Financial Group LLC now owns 54,138 shares of the company’s stock valued at $5,333,000 after acquiring an additional 21,670 shares in the last quarter. AE Wealth Management LLC increased its position in shares of iShares Convertible Bond ETF by 80.3% during the fourth quarter. AE Wealth Management LLC now owns 26,340 shares of the company’s stock valued at $2,594,000 after acquiring an additional 11,732 shares in the last quarter. Private Trust Co. NA increased its position in shares of iShares Convertible Bond ETF by 7.3% during the fourth quarter. Private Trust Co. NA now owns 5,309 shares of the company’s stock valued at $523,000 after acquiring an additional 359 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of iShares Convertible Bond ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 29,855 shares of the company’s stock valued at $2,941,000 after acquiring an additional 3,317 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

Shares of ICVT opened at $112.06 on Friday. The firm has a 50 day moving average of $104.68 and a 200 day moving average of $102.39. iShares Convertible Bond ETF has a twelve month low of $80.74 and a twelve month high of $112.60.

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.