Shares of iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) reached a new 52-week high on Tuesday . The company traded as high as $86.18 and last traded at $87.03, with a volume of 338203 shares changing hands. The stock had previously closed at $85.13.
iShares Convertible Bond ETF Trading Up 2.2 %
The stock has a fifty day simple moving average of $87.20 and a two-hundred day simple moving average of $83.88.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 219 shares during the last quarter. PSI Advisors LLC bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $29,000. Spire Wealth Management boosted its position in shares of iShares Convertible Bond ETF by 56.9% during the 4th quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after acquiring an additional 164 shares during the last quarter. LGT Financial Advisors LLC boosted its position in shares of iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after acquiring an additional 164 shares during the last quarter. Finally, Endeavor Private Wealth Inc. bought a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $45,000.
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.
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