Elevation Wealth Partners LLC Acquires 42,691 Shares of iShares Convertible Bond ETF $ICVT

Elevation Wealth Partners LLC raised its holdings in iShares Convertible Bond ETF (BATS:ICVT) by 4,675.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,604 shares of the company’s stock after purchasing an additional 42,691 shares during the period. iShares Convertible Bond ETF makes up about 1.4% of Elevation Wealth Partners LLC’s portfolio, making the stock its 16th largest holding. Elevation Wealth Partners LLC owned approximately 0.16% of iShares Convertible Bond ETF worth $4,924,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. AMG National Trust Bank raised its position in shares of iShares Convertible Bond ETF by 7.4% in the first quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock valued at $57,518,000 after buying an additional 39,016 shares in the last quarter. Ocean Park Asset Management LLC bought a new position in iShares Convertible Bond ETF during the 1st quarter worth $42,772,000. Prestige Wealth Management Group LLC increased its stake in iShares Convertible Bond ETF by 0.9% during the 1st quarter. Prestige Wealth Management Group LLC now owns 297,589 shares of the company’s stock worth $30,292,000 after acquiring an additional 2,570 shares during the period. Certified Advisory Corp raised its holdings in iShares Convertible Bond ETF by 2.5% in the 1st quarter. Certified Advisory Corp now owns 179,873 shares of the company’s stock valued at $18,309,000 after acquiring an additional 4,322 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its position in shares of iShares Convertible Bond ETF by 5.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 178,460 shares of the company’s stock valued at $18,165,000 after acquiring an additional 8,480 shares during the period.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT traded down $1.54 during trading hours on Wednesday, hitting $112.69. 749,783 shares of the company were exchanged, compared to its average volume of 745,131. iShares Convertible Bond ETF has a fifty-two week low of $94.41 and a fifty-two week high of $126.56. The firm’s fifty day moving average is $114.65 and its 200 day moving average is $114.64.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.