iShares Convertible Bond ETF (BATS:ICVT) Sets New 52-Week High at $78.86

iShares Convertible Bond ETF (BATS:ICVT) hit a new 52-week high during trading on Monday . The company traded as high as $78.86 and last traded at $78.77, with a volume of 243004 shares. The stock had previously closed at $79.00.

iShares Convertible Bond ETF Price Performance

The business’s 50-day moving average price is $78.94 and its two-hundred day moving average price is $78.50.

iShares Convertible Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were issued a $0.1563 dividend. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Hedge funds have recently made changes to their positions in the business. 1832 Asset Management L.P. purchased a new position in iShares Convertible Bond ETF during the fourth quarter worth about $22,354,000. Anfield Capital Management LLC lifted its holdings in shares of iShares Convertible Bond ETF by 2.7% during the 4th quarter. Anfield Capital Management LLC now owns 9,836 shares of the company’s stock worth $773,000 after acquiring an additional 258 shares during the period. Archer Investment Corp boosted its position in shares of iShares Convertible Bond ETF by 6.6% in the fourth quarter. Archer Investment Corp now owns 11,113 shares of the company’s stock worth $873,000 after acquiring an additional 689 shares during the last quarter. 360 Financial Inc. grew its holdings in iShares Convertible Bond ETF by 47.9% in the fourth quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock valued at $7,492,000 after purchasing an additional 30,885 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in iShares Convertible Bond ETF by 39.0% during the fourth quarter. Avantax Advisory Services Inc. now owns 18,181 shares of the company’s stock worth $1,429,000 after purchasing an additional 5,100 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.