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

Shares of iShares Convertible Bond ETF (BATS:ICVT) reached 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. The stock had previously closed at $85.13.

iShares Convertible Bond ETF Price Performance

The stock’s fifty day simple moving average is $87.09 and its 200-day simple moving average is $83.45.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Several hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 210.6% in the second quarter. EverSource Wealth Advisors LLC now owns 323 shares of the company’s stock valued at $26,000 after buying an additional 219 shares in the last quarter. PSI Advisors LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth about $29,000. LGT Financial Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock valued at $44,000 after purchasing an additional 164 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in shares of iShares Convertible Bond ETF in the fourth quarter valued at approximately $45,000. Finally, Mattson Financial Services LLC acquired a new position in shares of iShares Convertible Bond ETF during the 2nd quarter worth approximately $61,000.

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.