iShares Convertible Bond ETF (BATS:ICVT) Hits New 52-Week High – What’s Next?

iShares Convertible Bond ETF (BATS:ICVT) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $84.74 and last traded at $84.43, with a volume of 202016 shares. The stock had previously closed at $84.75.

iShares Convertible Bond ETF Stock Down 0.4 %

The business has a 50 day simple moving average of $81.85 and a 200-day simple moving average of $79.69.

iShares Convertible Bond ETF Cuts Dividend

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

Institutional Trading of iShares Convertible Bond ETF

A number of institutional investors have recently bought and sold shares of the company. Horst & Graben Wealth Management LLC boosted its position in iShares Convertible Bond ETF by 13.6% during the third quarter. Horst & Graben Wealth Management LLC now owns 13,602 shares of the company’s stock valued at $1,138,000 after purchasing an additional 1,625 shares during the last quarter. Sharkey Howes & Javer boosted its position in iShares Convertible Bond ETF by 28.3% during the third quarter. Sharkey Howes & Javer now owns 3,905 shares of the company’s stock valued at $327,000 after purchasing an additional 861 shares during the last quarter. Capital Wealth Management LLC lifted its position in shares of iShares Convertible Bond ETF by 0.4% in the third quarter. Capital Wealth Management LLC now owns 40,021 shares of the company’s stock worth $3,349,000 after buying an additional 171 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new stake in shares of iShares Convertible Bond ETF in the third quarter worth about $241,000. Finally, Blue Trust Inc. lifted its position in shares of iShares Convertible Bond ETF by 17.0% in the third quarter. Blue Trust Inc. now owns 8,425 shares of the company’s stock worth $662,000 after buying an additional 1,226 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.