iShares Convertible Bond ETF (BATS:ICVT) Reaches New 1-Year High – Here’s Why

iShares Convertible Bond ETF (BATS:ICVT)’s stock price hit a new 52-week high on Monday . The stock traded as high as $88.55 and last traded at $88.60, with a volume of 626872 shares traded. The stock had previously closed at $88.29.

iShares Convertible Bond ETF Trading Down 0.5 %

The business has a 50-day moving average price of $86.47 and a 200-day moving average price of $82.30.

Institutional Trading of iShares Convertible Bond ETF

Several institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock worth $26,000 after purchasing an additional 219 shares in the last quarter. LGT Financial Advisors LLC increased its holdings in iShares Convertible Bond ETF by 336.1% during the 2nd quarter. LGT Financial Advisors LLC now owns 362 shares of the company’s stock valued at $29,000 after purchasing an additional 279 shares in the last quarter. International Assets Investment Management LLC acquired a new position in iShares Convertible Bond ETF during the 2nd quarter worth about $33,000. Mattson Financial Services LLC bought a new stake in iShares Convertible Bond ETF during the 2nd quarter worth about $61,000. Finally, Brown Financial Advisors acquired a new stake in iShares Convertible Bond ETF in the 2nd quarter valued at about $95,000.

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.