iShares Convertible Bond ETF (BATS:ICVT) Reaches New 1-Year High at $78.21

iShares Convertible Bond ETF (BATS:ICVTGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $78.21 and last traded at $78.08, with a volume of 158554 shares. The stock had previously closed at $77.95.

iShares Convertible Bond ETF Trading Up 0.3 %

The stock’s fifty day moving average price is $78.10 and its 200-day moving average price is $77.94.

iShares Convertible Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were issued a $0.1539 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.13.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its position in shares of iShares Convertible Bond ETF by 39.6% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 4,718 shares of the company’s stock worth $350,000 after purchasing an additional 1,338 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in iShares Convertible Bond ETF during the 3rd quarter worth $262,000. HighTower Advisors LLC raised its stake in iShares Convertible Bond ETF by 128.9% during the 3rd quarter. HighTower Advisors LLC now owns 53,670 shares of the company’s stock worth $3,978,000 after acquiring an additional 30,228 shares in the last quarter. UBS Group AG raised its stake in iShares Convertible Bond ETF by 70.1% during the 3rd quarter. UBS Group AG now owns 100,819 shares of the company’s stock worth $7,482,000 after acquiring an additional 41,547 shares in the last quarter. Finally, Kestra Advisory Services LLC raised its stake in iShares Convertible Bond ETF by 39.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 9,238 shares of the company’s stock worth $686,000 after acquiring an additional 2,624 shares in the last quarter.

About iShares Convertible Bond ETF

(Get Free Report)

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.

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