iShares Convertible Bond ETF (BATS:ICVT) Sets New 12-Month High – Should You Buy?

iShares Convertible Bond ETF (BATS:ICVT)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $119.88 and last traded at $119.79, with a volume of 28208 shares traded. The stock had previously closed at $118.38.

iShares Convertible Bond ETF Stock Up 1.3%

The firm has a 50 day moving average price of $109.90 and a 200-day moving average price of $104.59.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Large investors have recently bought and sold shares of the business. Strategic Advocates LLC increased its holdings in iShares Convertible Bond ETF by 94.8% in the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after buying an additional 181 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after acquiring an additional 104 shares during the period. Huntington National Bank lifted its position in shares of iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock valued at $55,000 after acquiring an additional 546 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 1st quarter valued at approximately $58,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after purchasing an additional 376 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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.