Elevation Wealth Partners LLC grew its holdings in iShares Convertible Bond ETF (BATS:ICVT – Free Report) by 4,675.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund 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 biggest position. Elevation Wealth Partners LLC’s holdings in iShares Convertible Bond ETF were worth $4,924,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of ICVT. NewEdge Advisors LLC boosted its stake in iShares Convertible Bond ETF by 30.4% in the second quarter. NewEdge Advisors LLC now owns 85,064 shares of the company’s stock valued at $10,356,000 after buying an additional 19,854 shares in the last quarter. World Investment Advisors bought a new position in shares of iShares Convertible Bond ETF in the fourth quarter worth about $414,000. Entelevest LLC acquired a new stake in shares of iShares Convertible Bond ETF in the 4th quarter valued at approximately $599,000. Ocean Park Asset Management LLC bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at approximately $42,772,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of iShares Convertible Bond ETF by 168.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock valued at $21,463,000 after purchasing an additional 110,600 shares during the last quarter.
iShares Convertible Bond ETF Price Performance
BATS:ICVT traded down $1.54 on Wednesday, hitting $112.69. The company had a trading volume of 749,783 shares, compared to its average volume of 745,131. The firm has a 50 day moving average of $114.65 and a two-hundred day moving average of $114.64. iShares Convertible Bond ETF has a 52 week low of $94.41 and a 52 week high of $126.56.
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.
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