iShares Convertible Bond ETF (BATS:ICVT) Reaches New 1-Year High – Here’s What Happened

iShares Convertible Bond ETF (BATS:ICVT)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $119.88 and last traded at $119.79, with a volume of 28208 shares trading hands. The stock had previously closed at $118.38.

iShares Convertible Bond ETF Stock Up 0.0%

The stock has a fifty day moving average price of $110.57 and a 200-day moving average price of $104.84.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. lifted its position in shares of iShares Convertible Bond ETF by 1.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,283 shares of the company’s stock worth $929,000 after buying an additional 102 shares during the period. Sunbelt Securities Inc. increased its stake in shares of iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after buying an additional 104 shares in the last quarter. Quartz Partners LLC lifted its position in iShares Convertible Bond ETF by 0.6% during the 1st quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock worth $2,087,000 after buying an additional 120 shares in the last quarter. First Heartland Consultants Inc. grew its holdings in iShares Convertible Bond ETF by 5.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,355 shares of the company’s stock worth $236,000 after acquiring an additional 122 shares during the last quarter. Finally, Security Financial Services INC. raised its position in shares of iShares Convertible Bond ETF by 2.3% during the first quarter. Security Financial Services INC. now owns 5,470 shares of the company’s stock worth $557,000 after acquiring an additional 123 shares during 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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.