iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High – Here’s What Happened

iShares Convertible Bond ETF (BATS:ICVT)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $85.13 and last traded at $84.86, with a volume of 312384 shares traded. The stock had previously closed at $84.37.

iShares Convertible Bond ETF Price Performance

The stock has a 50-day simple moving average of $82.34 and a 200 day simple moving average of $79.89.

iShares Convertible Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1528 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Several institutional investors have recently modified their holdings of ICVT. Envestnet Asset Management Inc. boosted its stake in iShares Convertible Bond ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock valued at $86,079,000 after acquiring an additional 138,493 shares during the last quarter. Susquehanna International Group LLP bought a new position in shares of iShares Convertible Bond ETF in the 2nd quarter worth $80,458,000. 1832 Asset Management L.P. boosted its position in shares of iShares Convertible Bond ETF by 162.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after purchasing an additional 452,039 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares Convertible Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock worth $39,563,000 after purchasing an additional 38,791 shares during the period. Finally, AMG National Trust Bank increased its holdings in iShares Convertible Bond ETF by 7.7% in the second quarter. AMG National Trust Bank now owns 484,267 shares of the company’s stock valued at $38,078,000 after purchasing an additional 34,749 shares during the last quarter.

iShares Convertible Bond ETF Company Profile

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.