Tradewinds Capital Management LLC Sells 15,862 Shares of iShares Convertible Bond ETF (BATS:ICVT)

Tradewinds Capital Management LLC cut its stake in iShares Convertible Bond ETF (BATS:ICVT) by 7.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,591 shares of the company’s stock after selling 15,862 shares during the period. iShares Convertible Bond ETF accounts for 4.7% of Tradewinds Capital Management LLC’s portfolio, making the stock its 7th largest position. Tradewinds Capital Management LLC owned approximately 0.86% of iShares Convertible Bond ETF worth $17,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in ICVT. PSI Advisors LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at approximately $29,000. Spire Wealth Management raised its holdings in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after purchasing an additional 164 shares during the period. LGT Financial Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 45.3% during the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after purchasing an additional 164 shares during the period. Endeavor Private Wealth Inc. acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $45,000. Finally, Elevation Wealth Partners LLC raised its holdings in shares of iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after purchasing an additional 268 shares during the period.

iShares Convertible Bond ETF Trading Up 2.6 %

ICVT opened at $87.34 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $50.43 and a fifty-two week high of $58.18. The company’s 50-day moving average price is $87.00 and its 200 day moving average price is $84.97.

iShares Convertible Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1406 per share. The ex-dividend date was Monday, February 3rd.

iShares Convertible Bond ETF 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.