Elevation Wealth Partners LLC Increases Position in iShares Convertible Bond ETF (BATS:ICVT)

Elevation Wealth Partners LLC increased its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 42.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 897 shares of the company’s stock after buying an additional 268 shares during the period. Elevation Wealth Partners LLC’s holdings in iShares Convertible Bond ETF were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of iShares Convertible Bond ETF by 12.3% during the 3rd quarter. Creative Planning now owns 3,325 shares of the company’s stock worth $278,000 after acquiring an additional 363 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in iShares Convertible Bond ETF by 23.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,033 shares of the company’s stock worth $343,000 after purchasing an additional 766 shares during the last quarter. SG Americas Securities LLC purchased a new stake in iShares Convertible Bond ETF during the fourth quarter worth $544,000. JPMorgan Chase & Co. boosted its position in iShares Convertible Bond ETF by 32.6% during the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock worth $19,097,000 after purchasing an additional 56,149 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in iShares Convertible Bond ETF by 3.9% in the third quarter. Private Advisor Group LLC now owns 31,568 shares of the company’s stock valued at $2,641,000 after purchasing an additional 1,199 shares during the last quarter.

iShares Convertible Bond ETF Stock Up 3.1 %

BATS:ICVT opened at $87.80 on Monday. iShares Convertible Bond ETF has a 52-week low of $50.43 and a 52-week high of $58.18. The stock has a fifty day simple moving average of $87.05 and a 200-day simple moving average of $84.35.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1406 dividend. The ex-dividend date was Monday, February 3rd.

iShares Convertible Bond ETF Company 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.