iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High – Here’s Why

Shares of iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high on Monday . The company traded as high as $83.65 and last traded at $83.40, with a volume of 467883 shares. The stock had previously closed at $83.59.

iShares Convertible Bond ETF Stock Performance

The business has a fifty day moving average of $81.01 and a two-hundred day moving average of $79.45.

iShares Convertible Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1528 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares during the period. LRI Investments LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter worth $29,000. LGT Financial Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 336.1% in the second quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock worth $29,000 after purchasing an additional 279 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of iShares Convertible Bond ETF in the second quarter worth $33,000.

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.