iShares Convertible Bond ETF (BATS:ICVT) Sets New 1-Year High at $76.72

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $76.72 and last traded at $76.59, with a volume of 256544 shares traded. The stock had previously closed at $76.13.

iShares Convertible Bond ETF Trading Up 1.0 %

The business’s fifty day moving average price is $78.34 and its 200-day moving average price is $76.39.

iShares Convertible Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were given a $0.1346 dividend. This is a boost from iShares Convertible Bond ETF’s previous dividend of $0.12. The ex-dividend date of this dividend was Monday, April 1st.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Several large investors have recently modified their holdings of the stock. Spire Wealth Management boosted its holdings in iShares Convertible Bond ETF by 2.1% during the third quarter. Spire Wealth Management now owns 6,987 shares of the company’s stock worth $519,000 after buying an additional 143 shares in the last quarter. Windsor Capital Management LLC boosted its stake in iShares Convertible Bond ETF by 1.5% in the 1st quarter. Windsor Capital Management LLC now owns 9,691 shares of the company’s stock worth $774,000 after purchasing an additional 147 shares during the period. O ROURKE & COMPANY Inc boosted its stake in iShares Convertible Bond ETF by 3.5% in the 1st quarter. O ROURKE & COMPANY Inc now owns 4,664 shares of the company’s stock worth $372,000 after purchasing an additional 156 shares during the period. Aspire Wealth Management Corp boosted its stake in iShares Convertible Bond ETF by 0.4% in the 4th quarter. Aspire Wealth Management Corp now owns 37,178 shares of the company’s stock worth $2,922,000 after purchasing an additional 157 shares during the period. Finally, Banque Cantonale Vaudoise boosted its stake in iShares Convertible Bond ETF by 34.0% in the 1st quarter. Banque Cantonale Vaudoise now owns 670 shares of the company’s stock worth $53,000 after purchasing an additional 170 shares during the period.

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.