Dynasty Wealth Management LLC Grows Position in iShares Convertible Bond ETF $ICVT

Dynasty Wealth Management LLC boosted its stake in shares of iShares Convertible Bond ETF (BATS:ICVT) by 412.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,688 shares of the company’s stock after buying an additional 101,954 shares during the quarter. Dynasty Wealth Management LLC owned approximately 0.45% of iShares Convertible Bond ETF worth $12,479,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in iShares Convertible Bond ETF by 3.2% during the 3rd quarter. Bank of America Corp DE now owns 2,647,316 shares of the company’s stock valued at $264,864,000 after buying an additional 82,318 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Convertible Bond ETF by 33.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,248,931 shares of the company’s stock valued at $124,956,000 after buying an additional 315,685 shares in the last quarter. AMG National Trust Bank lifted its holdings in iShares Convertible Bond ETF by 6.0% during the 4th quarter. AMG National Trust Bank now owns 526,045 shares of the company’s stock valued at $51,815,000 after buying an additional 29,778 shares in the last quarter. Greenleaf Trust lifted its holdings in iShares Convertible Bond ETF by 0.8% during the 4th quarter. Greenleaf Trust now owns 451,146 shares of the company’s stock valued at $44,438,000 after buying an additional 3,596 shares in the last quarter. Finally, Advisory Alpha LLC lifted its holdings in iShares Convertible Bond ETF by 3.6% during the 3rd quarter. Advisory Alpha LLC now owns 449,503 shares of the company’s stock valued at $45,672,000 after buying an additional 15,566 shares in the last quarter.

iShares Convertible Bond ETF Trading Up 1.0%

Shares of ICVT opened at $123.90 on Wednesday. iShares Convertible Bond ETF has a 1-year low of $87.13 and a 1-year high of $124.22. The company has a 50-day moving average of $111.58 and a 200 day moving average of $105.25.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.