iShares Convertible Bond ETF (BATS:ICVT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $124.58 and last traded at $124.55, with a volume of 9564 shares traded. The stock had previously closed at $119.75.
iShares Convertible Bond ETF Stock Performance
The company’s 50-day moving average price is $115.08 and its 200 day moving average price is $106.80.
Institutional Investors Weigh In On iShares Convertible Bond ETF
A number of hedge funds have recently modified their holdings of ICVT. Strategic Advocates LLC raised its holdings 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 during the period. Sunbelt Securities Inc. grew its holdings in iShares Convertible Bond ETF by 36.5% during the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares during the period. Huntington National Bank increased its position in iShares Convertible Bond ETF by 54,600.0% in the third 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. Ashton Thomas Securities LLC purchased a new stake in iShares Convertible Bond ETF in the first quarter worth about $58,000. Finally, CIBC Private Wealth Group LLC raised its stake in shares of iShares Convertible Bond ETF by 160.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after buying an additional 376 shares during the period.
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.
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