iShares Convertible Bond ETF (BATS:ICVT) Sets New 12-Month High – Time to Buy?

iShares Convertible Bond ETF (BATS:ICVT)’s stock price reached a new 52-week high on Monday . The stock traded as high as $85.13 and last traded at $84.86, with a volume of 312384 shares traded. The stock had previously closed at $84.37.

iShares Convertible Bond ETF Stock Performance

The stock’s 50 day moving average price is $82.52 and its 200-day moving average price is $79.98.

iShares Convertible Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1528 per share. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares Convertible Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Preferred LLC bought a new position in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its stake in iShares Convertible Bond ETF by 210.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after purchasing an additional 219 shares in the last quarter. LRI Investments LLC acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter valued at $29,000. LGT Financial Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 336.1% in the 2nd quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock worth $29,000 after buying an additional 279 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of iShares Convertible Bond ETF in the second quarter valued at $33,000.

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.