iShares Convertible Bond ETF $ICVT Shares Sold by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC decreased its position in iShares Convertible Bond ETF (BATS:ICVT) by 42.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 118,553 shares of the company’s stock after selling 89,238 shares during the quarter. iShares Convertible Bond ETF accounts for about 2.7% of Tradewinds Capital Management LLC’s holdings, making the stock its 13th biggest holding. Tradewinds Capital Management LLC’s holdings in iShares Convertible Bond ETF were worth $10,682,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Columbia River Financial Group LLC acquired a new stake in iShares Convertible Bond ETF in the first quarter valued at approximately $29,000. Wealth Preservation Advisors LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth approximately $29,000. Cape Investment Advisory Inc. raised its holdings in iShares Convertible Bond ETF by 171.0% during the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock worth $30,000 after purchasing an additional 224 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in iShares Convertible Bond ETF during the first quarter worth approximately $39,000. Finally, Sunbelt Securities Inc. raised its holdings in iShares Convertible Bond ETF by 76.1% during the first quarter. Sunbelt Securities Inc. now owns 502 shares of the company’s stock worth $42,000 after purchasing an additional 217 shares in the last quarter.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $101.86 on Friday. iShares Convertible Bond ETF has a twelve month low of $75.97 and a twelve month high of $93.29. The company’s 50 day moving average is $97.37 and its two-hundred day moving average is $90.78.

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.