iShares Convertible Bond ETF (BATS:ICVT) Sets New 52-Week High After Dividend Announcement

iShares Convertible Bond ETF (BATS:ICVT) hit a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as $86.18 and last traded at $86.23, with a volume of 338203 shares trading hands. The stock had previously closed at $85.13.

The newly announced dividend which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.1466 dividend. The ex-dividend date is Monday, March 3rd. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14.

iShares Convertible Bond ETF Stock Up 0.2 %

The stock’s 50 day moving average price is $86.91 and its two-hundred day moving average price is $85.28.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ICVT. Wells Financial Advisors INC purchased a new stake in iShares Convertible Bond ETF in the 4th quarter valued at $26,000. PSI Advisors LLC purchased a new position in iShares Convertible Bond ETF during the 4th quarter worth $29,000. Spire Wealth Management raised its position in iShares Convertible Bond ETF by 56.9% during the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock worth $38,000 after buying an additional 164 shares during the last quarter. LGT Financial Advisors LLC raised its position in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after buying an additional 164 shares during the last quarter. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of iShares Convertible Bond ETF during the 4th quarter worth $45,000.

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.