Elevation Capital Advisory LLC Purchases Shares of 56,277 iShares Convertible Bond ETF $ICVT

Elevation Capital Advisory LLC acquired a new position in shares of iShares Convertible Bond ETF (BATS:ICVT) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 56,277 shares of the company’s stock, valued at approximately $5,631,000. iShares Convertible Bond ETF comprises approximately 2.2% of Elevation Capital Advisory LLC’s portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently modified their holdings of the company. Front Row Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 4.1% during the second quarter. Front Row Advisors LLC now owns 3,192 shares of the company’s stock valued at $288,000 after purchasing an additional 125 shares during the last quarter. Savvy Advisors Inc. lifted its stake in iShares Convertible Bond ETF by 2.1% during the second quarter. Savvy Advisors Inc. now owns 8,128 shares of the company’s stock valued at $732,000 after buying an additional 166 shares in the last quarter. CW Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 0.5% in the second quarter. CW Advisors LLC now owns 35,684 shares of the company’s stock worth $3,215,000 after buying an additional 180 shares during the period. McNaughton Wealth Management LLC boosted its holdings in shares of iShares Convertible Bond ETF by 5.0% in the third quarter. McNaughton Wealth Management LLC now owns 4,819 shares of the company’s stock worth $482,000 after buying an additional 231 shares during the period. Finally, Quadrant Private Wealth Management LLC increased its position in shares of iShares Convertible Bond ETF by 5.7% in the third quarter. Quadrant Private Wealth Management LLC now owns 4,369 shares of the company’s stock worth $437,000 after acquiring an additional 235 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $103.91 on Friday. iShares Convertible Bond ETF has a 52 week low of $75.97 and a 52 week high of $93.29. The firm has a 50 day simple moving average of $100.00 and a 200 day simple moving average of $97.97.

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.