Shares of iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The company traded as high as $79.14 and last traded at $78.37, with a volume of 182265 shares traded. The stock had previously closed at $78.63.
The newly announced dividend which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be paid a $0.1563 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend is Monday, July 1st.
iShares Convertible Bond ETF Stock Down 0.2 %
The business has a fifty day moving average of $78.26 and a 200 day moving average of $78.15.
Institutional Investors Weigh In On iShares Convertible Bond ETF
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.
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