iShares Convertible Bond ETF (BATS:ICVT) Sets New 1-Year High at $82.76

iShares Convertible Bond ETF (BATS:ICVT)’s share price reached a new 52-week high on Monday . The stock traded as high as $82.76 and last traded at $82.73, with a volume of 118654 shares changing hands. The stock had previously closed at $82.49.

iShares Convertible Bond ETF Price Performance

The business has a 50-day moving average of $80.18 and a 200-day moving average of $79.05.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders 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 hedge funds have recently made changes to their positions in ICVT. Aveo Capital Partners LLC purchased a new stake in iShares Convertible Bond ETF during the 4th quarter valued at approximately $3,994,000. Stifel Financial Corp raised its stake in shares of iShares Convertible Bond ETF by 0.3% during the fourth quarter. Stifel Financial Corp now owns 77,839 shares of the company’s stock worth $6,117,000 after purchasing an additional 200 shares during the last quarter. Scotia Capital Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 9.2% during the fourth quarter. Scotia Capital Inc. now owns 3,344 shares of the company’s stock worth $263,000 after purchasing an additional 283 shares during the period. Adams Wealth Management grew its position in iShares Convertible Bond ETF by 4.5% in the 4th quarter. Adams Wealth Management now owns 124,072 shares of the company’s stock valued at $9,751,000 after buying an additional 5,338 shares during the last quarter. Finally, 360 Financial Inc. grew its position in iShares Convertible Bond ETF by 47.9% in the 4th quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock valued at $7,492,000 after buying an additional 30,885 shares during the last quarter.

About iShares Convertible Bond ETF

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.