iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High at $83.78

iShares Convertible Bond ETF (BATS:ICVT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $83.78 and last traded at $83.64, with a volume of 156270 shares trading hands. The stock had previously closed at $83.51.

iShares Convertible Bond ETF Trading Up 0.2 %

The firm has a fifty day moving average of $80.46 and a 200 day moving average of $79.20.

iShares Convertible Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Convertible Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mattson Financial Services LLC purchased a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $61,000. Sanctuary Advisors LLC purchased a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $4,363,000. Brown Financial Advisors purchased a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $95,000. Kestra Investment Management LLC purchased a new stake in iShares Convertible Bond ETF during the 2nd quarter worth approximately $1,639,000. Finally, Advisory Alpha LLC grew its position in shares of iShares Convertible Bond ETF by 1.9% in the 2nd quarter. Advisory Alpha LLC now owns 428,286 shares of the company’s stock worth $33,682,000 after acquiring an additional 7,855 shares in the last quarter.

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.