iShares Convertible Bond ETF (BATS:ICVT) Sets New 12-Month High at $79.10

iShares Convertible Bond ETF (BATS:ICVTGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $79.10 and last traded at $78.88, with a volume of 96760 shares. The stock had previously closed at $78.78.

iShares Convertible Bond ETF Trading Down 0.3 %

The firm’s fifty day moving average is $78.34 and its 200-day moving average is $77.50.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were paid a dividend of $0.1346 per share. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, April 1st.

Institutional Trading of iShares Convertible Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of ICVT. Cary Street Partners Investment Advisory LLC raised its position in shares of iShares Convertible Bond ETF by 100.0% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. Advisors Preferred LLC acquired a new position in shares of iShares Convertible Bond ETF in the 1st quarter valued at about $26,000. LRI Investments LLC purchased a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth about $29,000. Blue Trust Inc. grew its holdings in shares of iShares Convertible Bond ETF by 91.0% during the 4th quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after purchasing an additional 222 shares during the period. Finally, AdvisorNet Financial Inc increased its position in iShares Convertible Bond ETF by 122.0% during the 4th quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after purchasing an additional 333 shares in the last quarter.

iShares Convertible Bond ETF Company Profile

(Get Free Report)

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.

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