iShares Convertible Bond ETF (BATS:ICVT) Reaches New 1-Year High – What’s Next?

Shares of iShares Convertible Bond ETF (BATS:ICVT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $118.42 and last traded at $118.29, with a volume of 2058657 shares. The stock had previously closed at $115.91.

iShares Convertible Bond ETF Price Performance

The stock has a 50-day moving average price of $106.68 and a two-hundred day moving average price of $103.34.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Several institutional investors have recently added to or reduced their stakes in the business. Steigerwald Gordon & Koch Inc. acquired a new position in shares of iShares Convertible Bond ETF during the third quarter valued at about $26,000. Strategic Advocates LLC boosted 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 purchasing an additional 181 shares in the last quarter. Sunbelt Securities Inc. grew its position in iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares during the last quarter. Huntington National Bank grew its position in iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after purchasing an additional 546 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in 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 valued at $60,000 after purchasing an additional 376 shares in the last quarter.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.