iShares Convertible Bond ETF (BATS:ICVT) Reaches New 52-Week High – Here’s Why

Shares of iShares Convertible Bond ETF (BATS:ICVT) hit a new 52-week high during trading on Thursday . The company traded as high as $86.18 and last traded at $86.39, with a volume of 338203 shares traded. The stock had previously closed at $85.13.

iShares Convertible Bond ETF Price Performance

The stock’s 50 day simple moving average is $87.07 and its 200 day simple moving average is $83.37.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ICVT. EverSource Wealth Advisors LLC grew 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 worth $26,000 after buying an additional 219 shares in the last quarter. PSI Advisors LLC purchased a new stake in iShares Convertible Bond ETF in the fourth quarter worth about $29,000. LGT Financial Advisors LLC grew its holdings in iShares Convertible Bond ETF by 45.3% during the 3rd quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares in the last quarter. Mattson Financial Services LLC purchased a new position in iShares Convertible Bond ETF during the 2nd quarter valued at about $61,000. Finally, Brown Financial Advisors bought a new stake in shares of iShares Convertible Bond ETF in the 2nd quarter valued at about $95,000.

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.