iShares Convertible Bond ETF (BATS:ICVT) Sets New 52-Week High – Here’s What Happened

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high on Monday . The company traded as high as $88.88 and last traded at $88.94, with a volume of 201234 shares trading hands. The stock had previously closed at $88.57.

iShares Convertible Bond ETF Price Performance

The company’s 50-day moving average is $84.76 and its 200-day moving average is $81.25.

iShares Convertible Bond ETF Cuts Dividend

The business also recently announced 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 was Tuesday, September 3rd.

Institutional Trading of iShares Convertible Bond ETF

Several institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 4.7% during the first quarter. Advisors Asset Management Inc. now owns 6,267 shares of the company’s stock valued at $500,000 after acquiring an additional 279 shares during the period. Tidal Investments LLC boosted its position in iShares Convertible Bond ETF by 24.5% in the first quarter. Tidal Investments LLC now owns 23,610 shares of the company’s stock valued at $1,885,000 after buying an additional 4,644 shares in the last quarter. Comerica Bank grew its stake in iShares Convertible Bond ETF by 379.2% during the first quarter. Comerica Bank now owns 11,180 shares of the company’s stock worth $892,000 after buying an additional 8,847 shares during the last quarter. Adams Wealth Management increased its holdings in shares of iShares Convertible Bond ETF by 15.1% during the first quarter. Adams Wealth Management now owns 142,864 shares of the company’s stock worth $11,405,000 after buying an additional 18,792 shares in the last quarter. Finally, LRI Investments LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $30,000.

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.