Tradewinds Capital Management LLC Reduces Stock Holdings in iShares Convertible Bond ETF $ICVT

Tradewinds Capital Management LLC lessened its position in shares of iShares Convertible Bond ETF (BATS:ICVT) by 98.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,978 shares of the company’s stock after selling 116,575 shares during the period. Tradewinds Capital Management LLC’s holdings in iShares Convertible Bond ETF were worth $198,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its holdings in iShares Convertible Bond ETF by 585.4% during the 3rd quarter. Sound Income Strategies LLC now owns 281 shares of the company’s stock valued at $29,000 after acquiring an additional 240 shares in the last quarter. Cape Investment Advisory Inc. grew its position in shares of iShares Convertible Bond ETF by 171.0% in the first quarter. Cape Investment Advisory Inc. now owns 355 shares of the company’s stock valued at $30,000 after purchasing an additional 224 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $39,000. Private Wealth Asset Management LLC purchased a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $48,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $84,000.

iShares Convertible Bond ETF Stock Up 17.5%

ICVT stock opened at $100.03 on Friday. The stock’s 50 day moving average price is $99.90 and its 200 day moving average price is $96.66. iShares Convertible Bond ETF has a 1 year low of $75.97 and a 1 year high of $93.29.

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.