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

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

iShares Convertible Bond ETF Stock Down 0.3 %

The stock has a fifty day moving average price of $82.52 and a 200-day moving average price of $79.98.

iShares Convertible Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On iShares Convertible Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP purchased a new stake in shares of iShares Convertible Bond ETF in the second quarter worth approximately $80,458,000. 1832 Asset Management L.P. lifted its position in iShares Convertible Bond ETF by 162.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock worth $57,367,000 after buying an additional 452,039 shares in the last quarter. Certified Advisory Corp purchased a new stake in iShares Convertible Bond ETF in the 2nd quarter worth approximately $12,818,000. Envestnet Asset Management Inc. boosted its stake in shares of iShares Convertible Bond ETF by 14.5% during the 2nd 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 during the period. Finally, Lebenthal Global Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF during the 2nd quarter valued at $9,264,000.

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.