iShares Convertible Bond ETF (BATS:ICVT) Reaches New 52-Week High – What’s Next?

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $87.27 and last traded at $87.23, with a volume of 362355 shares trading hands. The stock had previously closed at $86.19.

iShares Convertible Bond ETF Stock Down 0.2 %

The firm’s 50 day simple moving average is $83.39 and its 200-day simple moving average is $80.57.

iShares Convertible Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1528 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings 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 valued at $26,000 after buying an additional 219 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Convertible Bond ETF in the first quarter valued at about $29,000. LGT Financial Advisors LLC raised its holdings 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 valued at $29,000 after buying an additional 279 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at about $33,000. Finally, Mattson Financial Services LLC purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at about $61,000.

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.