Elevation Capital Advisory LLC Takes Position in iShares Convertible Bond ETF $ICVT

Elevation Capital Advisory LLC purchased a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,277 shares of the company’s stock, valued at approximately $5,631,000. iShares Convertible Bond ETF comprises about 2.2% of Elevation Capital Advisory LLC’s portfolio, making the stock its 19th largest position. Elevation Capital Advisory LLC owned 0.20% of iShares Convertible Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Steigerwald Gordon & Koch Inc. bought a new position in iShares Convertible Bond ETF in the 3rd quarter worth about $26,000. Sound Income Strategies LLC raised its holdings in shares of iShares Convertible Bond ETF by 585.4% during the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after buying an additional 240 shares during the last quarter. Private Wealth Asset Management LLC acquired a new position in shares of iShares Convertible Bond ETF during the second quarter worth approximately $48,000. Ashton Thomas Securities LLC bought a new position in iShares Convertible Bond ETF in the 3rd quarter worth approximately $62,000. Finally, Hantz Financial Services Inc. bought a new position in iShares Convertible Bond ETF in the 2nd quarter worth approximately $84,000.

iShares Convertible Bond ETF Stock Up 22.1%

Shares of iShares Convertible Bond ETF stock opened at $103.91 on Friday. iShares Convertible Bond ETF has a 1-year low of $75.97 and a 1-year high of $93.29. The business’s fifty day moving average price is $100.00 and its two-hundred day moving average price is $97.97.

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.