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

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high on Monday . The stock traded as high as $88.88 and last traded at $88.94, with a volume of 201234 shares trading hands. The stock had previously closed at $88.57.

iShares Convertible Bond ETF Trading Up 0.5 %

The stock has a fifty day moving average price of $84.47 and a 200-day moving average price of $81.10.

iShares Convertible Bond ETF Cuts Dividend

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

Institutional Trading of iShares Convertible Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of iShares Convertible Bond ETF by 14.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock valued at $86,079,000 after buying an additional 138,493 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of iShares Convertible Bond ETF during the second quarter valued at approximately $80,458,000. 1832 Asset Management L.P. lifted its position in shares of iShares Convertible Bond ETF by 162.9% during the second quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after purchasing an additional 452,039 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Convertible Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock worth $39,563,000 after purchasing an additional 38,791 shares in the last quarter. Finally, AMG National Trust Bank boosted its stake in shares of iShares Convertible Bond ETF by 7.7% in the second quarter. AMG National Trust Bank now owns 484,267 shares of the company’s stock valued at $38,078,000 after purchasing an additional 34,749 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.