iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High at $81.01

iShares Convertible Bond ETF (BATS:ICVT)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $81.01 and last traded at $80.14, with a volume of 389341 shares traded. The stock had previously closed at $81.29.

iShares Convertible Bond ETF Price Performance

The business has a 50-day simple moving average of $79.70 and a 200-day simple moving average of $78.79.

iShares Convertible Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.1528 per share. The ex-dividend date of this dividend is Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. 1832 Asset Management L.P. acquired a new stake in iShares Convertible Bond ETF during the 4th quarter worth $22,354,000. 360 Financial Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 47.9% in the 4th quarter. 360 Financial Inc. now owns 95,330 shares of the company’s stock valued at $7,492,000 after purchasing an additional 30,885 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in shares of iShares Convertible Bond ETF by 39.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 18,181 shares of the company’s stock valued at $1,429,000 after purchasing an additional 5,100 shares during the period. Pettinga Financial Advisors LLC purchased a new position in iShares Convertible Bond ETF during the 1st quarter worth approximately $351,000. Finally, Blair William & Co. IL increased its position in iShares Convertible Bond ETF by 19.2% during the first quarter. Blair William & Co. IL now owns 2,790 shares of the company’s stock worth $223,000 after buying an additional 449 shares during the period.

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.