iShares Convertible Bond ETF (BATS:ICVT) Hits New 1-Year High – Time to Buy?

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $86.18 and last traded at $83.91, with a volume of 338203 shares. The stock had previously closed at $85.13.

iShares Convertible Bond ETF Stock Down 1.9 %

The company has a 50 day moving average of $86.74 and a 200-day moving average of $85.47.

iShares Convertible Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1466 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from iShares Convertible Bond ETF’s previous dividend of $0.14.

Institutional Trading of iShares Convertible Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tidemark LLC lifted its holdings in iShares Convertible Bond ETF by 1.3% in the fourth quarter. Tidemark LLC now owns 11,024 shares of the company’s stock worth $937,000 after buying an additional 139 shares during the period. Icon Wealth Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 4.9% during the third quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock valued at $255,000 after purchasing an additional 142 shares during the last quarter. Spire Wealth Management lifted its holdings in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after purchasing an additional 164 shares during the last quarter. Keystone Financial Services lifted its holdings in shares of iShares Convertible Bond ETF by 5.6% during the fourth quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock valued at $274,000 after purchasing an additional 170 shares during the last quarter. Finally, Aptus Capital Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 18.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,279 shares of the company’s stock valued at $109,000 after purchasing an additional 197 shares during 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.