iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High at $77.71

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high on Monday . The stock traded as high as $77.71 and last traded at $77.59, with a volume of 159008 shares. The stock had previously closed at $77.32.

iShares Convertible Bond ETF Stock Performance

The firm has a 50 day moving average of $78.26 and a two-hundred day moving average of $76.50.

iShares Convertible Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.1346 dividend. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date was Monday, April 1st.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Institutional investors have recently made changes to their positions in the stock. Cary Street Partners Investment Advisory LLC raised its position in shares of iShares Convertible Bond ETF by 100.0% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 348 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Blue Trust Inc. lifted its stake in shares of iShares Convertible Bond ETF by 91.0% in the fourth quarter. Blue Trust Inc. now owns 466 shares of the company’s stock valued at $34,000 after buying an additional 222 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of iShares Convertible Bond ETF by 122.0% during the fourth quarter. AdvisorNet Financial Inc now owns 606 shares of the company’s stock valued at $48,000 after buying an additional 333 shares during the last quarter. Banque Cantonale Vaudoise increased its position in shares of iShares Convertible Bond ETF by 34.0% during the first quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after acquiring an additional 170 shares in the last quarter. Finally, WealthShield Partners LLC lifted its position in iShares Convertible Bond ETF by 265.6% in the 3rd quarter. WealthShield Partners LLC now owns 892 shares of the company’s stock valued at $66,000 after acquiring an additional 648 shares in the last quarter.

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.