iShares Convertible Bond ETF (BATS:ICVT) Reaches New 12-Month High at $80.42

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

iShares Convertible Bond ETF Price Performance

The stock has a 50-day moving average of $78.58 and a 200 day moving average of $78.20.

iShares Convertible Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a $0.1563 dividend. The ex-dividend date was Monday, July 1st. This is an increase from iShares Convertible Bond ETF’s previous dividend of $0.15.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Hedge funds have recently bought and sold shares of the company. Stokes Family Office LLC grew its position in shares of iShares Convertible Bond ETF by 3.8% in the 2nd quarter. Stokes Family Office LLC now owns 3,808 shares of the company’s stock worth $299,000 after acquiring an additional 141 shares in the last quarter. Windsor Capital Management LLC lifted its position in shares of iShares Convertible Bond ETF by 1.5% in the 1st quarter. Windsor Capital Management LLC now owns 9,691 shares of the company’s stock worth $774,000 after buying an additional 147 shares during the last quarter. Austin Private Wealth LLC grew its position in shares of iShares Convertible Bond ETF by 2.7% during the 2nd quarter. Austin Private Wealth LLC now owns 5,693 shares of the company’s stock valued at $448,000 after buying an additional 152 shares during the last quarter. O ROURKE & COMPANY Inc raised its stake in iShares Convertible Bond ETF by 3.5% during the first quarter. O ROURKE & COMPANY Inc now owns 4,664 shares of the company’s stock worth $372,000 after acquiring an additional 156 shares during the period. Finally, Aspire Wealth Management Corp raised its stake in iShares Convertible Bond ETF by 0.4% during the fourth quarter. Aspire Wealth Management Corp now owns 37,178 shares of the company’s stock worth $2,922,000 after acquiring an additional 157 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.