No headlines found.
/C O R R E C T I O N -- Wellesley Asset Management/
PRNewswire (Wed, 25-Mar 10:30 AM ET)
Wellesley Asset Management Launches the Miller Convertible Total Return ETF (MCVT)
PRNewswire (Wed, 25-Mar 9:11 AM ET)
The Fund is an actively managed ETF that by investing in convertible bonds seeks to maximize total return comprising current income and capital appreciation and preserve principal. The Fund seeks to invest in convertible bonds of issuers that have strong growth characteristics, as determined by Wellesley Asset Management, Inc. ("Wellesley"), the investment advisor to the Fund. The Fund invests at least 80% of its assets in convertible bonds. The Fund defines convertible bonds as including synthetic convertible bonds and other securities that Wellesley identifies as having characteristics similar to convertible bonds, including any combination of bonds, options, index-linked securities, debt and equity instruments that Wellesley believes have convertible bond-like characteristics. The Fund primarily invests in convertible bonds of companies that are domiciled in US. The Fund may invest in convertible bonds issued by companies in a variety of sectors.
Miller Convertible Total Return ETF trades on the ARCA stock market under the symbol MCVT.
As of April 10, 2026, MCVT stock price declined to $25.63 with 3,706 million shares trading.
MCVT has a market cap of $4.49 million. This is considered a Sub-Micro Cap stock.
MCVT support price is $25.42 and resistance is $25.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MCVT shares will trade within this expected range on the day.