iShares Convertible Bond ETF (BATS:ICVT) Shares Purchased by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 13.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 54,180 shares of the company’s stock after acquiring an additional 6,562 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares Convertible Bond ETF were worth $4,604,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ICVT. Susquehanna International Group LLP purchased a new stake in shares of iShares Convertible Bond ETF during the second quarter worth about $80,458,000. Assetmark Inc. increased its stake in iShares Convertible Bond ETF by 150.4% during the 3rd quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after buying an additional 152,939 shares in the last quarter. Insight Wealth Strategies LLC purchased a new stake in iShares Convertible Bond ETF during the 4th quarter worth approximately $10,815,000. Lebenthal Global Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 93.4% during the third quarter. Lebenthal Global Advisors LLC now owns 227,871 shares of the company’s stock valued at $19,066,000 after acquiring an additional 110,055 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $9,321,000.

iShares Convertible Bond ETF Trading Up 3.1 %

Shares of ICVT opened at $87.81 on Friday. The stock has a 50 day moving average price of $87.19 and a 200 day moving average price of $83.76. iShares Convertible Bond ETF has a one year low of $50.43 and a one year high of $58.18.

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.