iShares Convertible Bond ETF (BATS:ICVT) Reaches New 1-Year High at $78.21

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. The stock had previously closed at $77.95.

iShares Convertible Bond ETF Stock Performance

The business’s 50 day moving average is $78.10 and its two-hundred day moving average is $77.94.

iShares Convertible Bond ETF Increases Dividend

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

Institutional Investors Weigh In On iShares Convertible Bond ETF

Large investors have recently bought and sold shares of the stock. Cary Street Partners Investment Advisory LLC grew its holdings in shares of iShares Convertible Bond ETF by 100.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock valued at $26,000 after buying an additional 174 shares during the last quarter. Advisors Preferred LLC purchased a new position in iShares Convertible Bond ETF during the first quarter worth about $26,000. LRI Investments LLC purchased a new position in iShares Convertible Bond ETF during the first quarter worth about $29,000. Blue Trust Inc. boosted its holdings in iShares Convertible Bond ETF by 91.0% during the fourth quarter. Blue Trust Inc. now owns 466 shares of the company’s stock worth $34,000 after purchasing an additional 222 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in iShares Convertible Bond ETF by 122.0% during the fourth quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock worth $48,000 after purchasing an additional 333 shares during 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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