iShares Convertible Bond ETF (BATS:ICVT) Sets New 12-Month High Following Dividend Announcement

Shares of iShares Convertible Bond ETF (BATS:ICVT) 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

Several institutional investors and hedge funds have recently modified their holdings of ICVT. Advisors Preferred LLC bought a new position in iShares Convertible Bond ETF during the first quarter valued at about $26,000. LRI Investments LLC bought a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth about $29,000. Blue Trust Inc. raised its stake in shares of iShares Convertible Bond ETF by 91.0% in the 4th 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. AdvisorNet Financial Inc raised its stake in shares of iShares Convertible Bond ETF by 122.0% in the 4th 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. Finally, Banque Cantonale Vaudoise boosted its position in iShares Convertible Bond ETF by 34.0% during the first quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after purchasing an additional 170 shares during the period.

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.