iShares Convertible Bond ETF (BATS:ICVT) Hits New 52-Week High at $78.21

Shares of iShares Convertible Bond ETF (BATS:ICVTGet Free Report) hit a new 52-week high on Monday . The company traded as high as $78.21 and last traded at $78.08, with a volume of 158554 shares traded. The stock had previously closed at $77.95.

iShares Convertible Bond ETF Price Performance

The firm has a 50 day moving average price of $78.06 and a two-hundred day moving average price of $77.99.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.1539 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.13.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ICVT. Cary Street Partners Investment Advisory LLC boosted its holdings in iShares Convertible Bond ETF by 100.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares in the last quarter. Advisors Preferred LLC bought a new stake in iShares Convertible Bond ETF in the first quarter valued at $26,000. LRI Investments LLC bought a new stake in iShares Convertible Bond ETF in the first quarter valued at $29,000. Blue Trust Inc. boosted its holdings in iShares Convertible Bond ETF by 91.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after acquiring an additional 222 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in iShares Convertible Bond ETF by 122.0% in the fourth quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock valued at $48,000 after acquiring an additional 333 shares in the last quarter.

About iShares Convertible Bond ETF

(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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