iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $126.56 and last traded at $125.00, with a volume of 13951 shares trading hands. The stock had previously closed at $124.25.
iShares Convertible Bond ETF Price Performance
The business has a 50-day moving average of $116.57 and a 200-day moving average of $107.47.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cassilly Financial Group LLC acquired a new position in iShares Convertible Bond ETF during the fourth quarter worth about $824,000. Arete Wealth Advisors LLC lifted its holdings in shares of iShares Convertible Bond ETF by 328.4% in the third quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock valued at $1,051,000 after purchasing an additional 8,047 shares in the last quarter. Ascent Group LLC grew its position in shares of iShares Convertible Bond ETF by 25.8% in the fourth quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock valued at $3,035,000 after purchasing an additional 6,314 shares during the last quarter. BlueStem Wealth Partners LLC increased its stake in shares of iShares Convertible Bond ETF by 11.5% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 137,357 shares of the company’s stock worth $13,743,000 after purchasing an additional 14,171 shares in the last quarter. Finally, Planwiser Financial LLC raised its position in shares of iShares Convertible Bond ETF by 58.8% during the 3rd quarter. Planwiser Financial LLC now owns 39,749 shares of the company’s stock worth $4,119,000 after purchasing an additional 14,717 shares during 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.
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