iShares Convertible Bond ETF (BATS:ICVT) Reaches New 52-Week High at $80.42

iShares Convertible Bond ETF (BATS:ICVT) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $80.42 and last traded at $80.45, with a volume of 134194 shares. The stock had previously closed at $80.19.

iShares Convertible Bond ETF Trading Up 0.3 %

The stock has a fifty day simple moving average of $78.58 and a two-hundred day simple moving average of $78.20.

iShares Convertible Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a dividend of $0.1563 per share. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.15. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 293.8% in the 4th quarter. Assetmark Inc. now owns 1,562,320 shares of the company’s stock worth $122,783,000 after purchasing an additional 1,165,563 shares in the last quarter. Advisory Alpha LLC raised its stake in shares of iShares Convertible Bond ETF by 4.3% during the first quarter. Advisory Alpha LLC now owns 420,431 shares of the company’s stock valued at $33,569,000 after acquiring an additional 17,403 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of iShares Convertible Bond ETF by 31.7% during the first quarter. Greenleaf Trust now owns 388,612 shares of the company’s stock worth $31,023,000 after purchasing an additional 93,429 shares during the period. New York Life Investment Management LLC grew its stake in shares of iShares Convertible Bond ETF by 11.4% in the fourth quarter. New York Life Investment Management LLC now owns 348,445 shares of the company’s stock worth $27,384,000 after purchasing an additional 35,665 shares during the last quarter. Finally, Prestige Wealth Management Group LLC lifted its holdings in iShares Convertible Bond ETF by 14.7% in the 1st quarter. Prestige Wealth Management Group LLC now owns 334,501 shares of the company’s stock worth $26,703,000 after buying an additional 42,996 shares during the period.

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.