iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $119.07 and last traded at $119.00, with a volume of 204308 shares. The stock had previously closed at $118.62.
iShares Convertible Bond ETF Stock Down 1.7%
The company’s 50 day simple moving average is $108.24 and its 200-day simple moving average is $104.01.
Institutional Trading of iShares Convertible Bond ETF
Several institutional investors and hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC grew its stake in iShares Convertible Bond ETF by 94.8% in the 4th quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after buying an additional 181 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares Convertible Bond ETF by 36.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after buying an additional 104 shares in the last quarter. Huntington National Bank grew its stake in iShares Convertible Bond ETF by 54,600.0% in the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after buying an additional 546 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after buying an additional 376 shares in the last quarter. Finally, Cape Investment Advisory Inc. grew its stake in iShares Convertible Bond ETF by 73.1% in the 3rd quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after buying an additional 258 shares in the last quarter.
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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.
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