iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High – Here’s What Happened

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 $126.56 and last traded at $125.00, with a volume of 13951 shares changing hands. The stock had previously closed at $124.25.

iShares Convertible Bond ETF Trading Down 1.9%

The company has a fifty day moving average of $117.19 and a 200-day moving average of $107.80.

Hedge Funds Weigh In On iShares Convertible Bond ETF

A number of hedge funds have recently bought and sold shares of the company. Strategic Advocates LLC lifted its position in shares of iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after purchasing an additional 181 shares in the last quarter. Sunbelt Securities Inc. grew its position 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 purchasing an additional 104 shares in the last quarter. Huntington National Bank increased 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 valued at $55,000 after buying an additional 546 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $58,000. Finally, CIBC Private Wealth Group LLC lifted its position in shares of iShares Convertible Bond ETF by 160.7% during 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.

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.