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

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 $84.40 and last traded at $84.32, with a volume of 61539 shares trading hands. The stock had previously closed at $84.35.

iShares Convertible Bond ETF Stock Performance

The firm’s 50 day moving average is $81.48 and its 200 day moving average is $79.58.

iShares Convertible Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Convertible Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ICVT. Envestnet Asset Management Inc. grew its position in iShares Convertible Bond ETF by 14.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock worth $86,079,000 after buying an additional 138,493 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of iShares Convertible Bond ETF during the second quarter worth about $80,458,000. 1832 Asset Management L.P. increased its position in shares of iShares Convertible Bond ETF by 162.9% in the second 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 raised its stake in iShares Convertible Bond ETF by 8.4% in the second quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock valued at $39,563,000 after purchasing an additional 38,791 shares in the last quarter. Finally, AMG National Trust Bank lifted its position in iShares Convertible Bond ETF by 7.7% during 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.