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

iShares Convertible Bond ETF (BATS:ICVT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $89.39 and last traded at $88.71, with a volume of 137246 shares traded. The stock had previously closed at $89.23.

iShares Convertible Bond ETF Stock Up 0.5 %

The company’s fifty day moving average price is $85.97 and its two-hundred day moving average price is $81.96.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares Convertible Bond ETF by 14.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,094,735 shares of the company’s stock worth $86,079,000 after purchasing an additional 138,493 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of iShares Convertible Bond ETF in the second quarter worth $80,458,000. 1832 Asset Management L.P. lifted its position in shares of iShares Convertible Bond ETF by 162.9% in the second quarter. 1832 Asset Management L.P. now owns 729,587 shares of the company’s stock valued at $57,367,000 after acquiring an additional 452,039 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares Convertible Bond ETF by 8.4% during the second quarter. LPL Financial LLC now owns 503,155 shares of the company’s stock valued at $39,563,000 after acquiring an additional 38,791 shares during the last quarter. Finally, AMG National Trust Bank increased its position in iShares Convertible Bond ETF by 7.7% during the 2nd quarter. AMG National Trust Bank now owns 484,267 shares of the company’s stock worth $38,078,000 after purchasing an additional 34,749 shares in 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.