Dynamic Advisor Solutions LLC Sells 41,632 Shares of iShares Convertible Bond ETF $ICVT

Dynamic Advisor Solutions LLC cut its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 76.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,114 shares of the company’s stock after selling 41,632 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in iShares Convertible Bond ETF were worth $1,292,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ICVT. Steigerwald Gordon & Koch Inc. acquired a new position in shares of iShares Convertible Bond ETF in the 3rd quarter valued at $26,000. Sound Income Strategies LLC increased its stake in iShares Convertible Bond ETF by 585.4% in the third quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after acquiring an additional 240 shares during the period. Sunbelt Securities Inc. raised its position in iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares in the last quarter. Huntington National Bank raised its position in iShares Convertible Bond ETF by 54,600.0% in the third quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after purchasing an additional 546 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its stake in iShares Convertible Bond ETF by 73.1% during the third quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after purchasing an additional 258 shares during the period.

iShares Convertible Bond ETF Stock Up 0.6%

BATS ICVT opened at $104.32 on Thursday. The stock’s 50 day moving average is $104.01 and its two-hundred day moving average is $101.53. iShares Convertible Bond ETF has a 1-year low of $77.02 and a 1-year high of $106.32.

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.