iShares Convertible Bond ETF (BATS:ICVT) Sets New 1-Year High After Dividend Announcement

iShares Convertible Bond ETF (BATS:ICVT) hit a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $86.18 and last traded at $86.66, with a volume of 338203 shares. The stock had previously closed at $85.13.

The newly announced dividend which will be paid on Thursday, February 6th. Investors of record on Monday, February 3rd will be paid a $0.1406 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

iShares Convertible Bond ETF Stock Up 2.6 %

The business has a 50 day moving average price of $87.16 and a 200 day moving average price of $84.14.

Institutional Trading of iShares Convertible Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PSI Advisors LLC bought a new stake in iShares Convertible Bond ETF during the fourth quarter valued at about $29,000. Spire Wealth Management grew its holdings in iShares Convertible Bond ETF by 56.9% in the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the period. LGT Financial Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares during the last quarter. Endeavor Private Wealth Inc. acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth $45,000. Finally, Elevation Wealth Partners LLC boosted its stake in iShares Convertible Bond ETF by 42.6% during the fourth quarter. Elevation Wealth Partners LLC now owns 897 shares of the company’s stock worth $76,000 after buying an additional 268 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.