iShares Convertible Bond ETF (BATS:ICVT) Reaches New 12-Month High at $77.71

iShares Convertible Bond ETF (BATS:ICVT)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $77.71 and last traded at $77.59, with a volume of 159008 shares traded. The stock had previously closed at $77.32.

iShares Convertible Bond ETF Stock Performance

The firm’s 50 day moving average is $78.26 and its 200 day moving average is $76.50.

iShares Convertible Bond ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Convertible Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Plan Group Financial LLC purchased a new stake in iShares Convertible Bond ETF during the 1st quarter valued at $207,000. Prestige Wealth Management Group LLC grew its holdings in shares of iShares Convertible Bond ETF by 14.7% in the first quarter. Prestige Wealth Management Group LLC now owns 334,501 shares of the company’s stock worth $26,703,000 after acquiring an additional 42,996 shares during the period. TRUE Private Wealth Advisors increased its position in iShares Convertible Bond ETF by 12.8% during the first quarter. TRUE Private Wealth Advisors now owns 4,121 shares of the company’s stock valued at $329,000 after acquiring an additional 468 shares during the last quarter. Osborne Partners Capital Management LLC boosted its position in iShares Convertible Bond ETF by 3.4% in the first quarter. Osborne Partners Capital Management LLC now owns 141,883 shares of the company’s stock worth $11,327,000 after purchasing an additional 4,722 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of iShares Convertible Bond ETF by 40.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 44,613 shares of the company’s stock valued at $3,561,000 after purchasing an additional 12,900 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.