iShares Convertible Bond ETF (BATS:ICVT) Hits New 12-Month High – What’s Next?

iShares Convertible Bond ETF (BATS:ICVT) shares reached a new 52-week high on Thursday . The company traded as high as $118.42 and last traded at $118.29, with a volume of 2058657 shares traded. The stock had previously closed at $115.91.

iShares Convertible Bond ETF Stock Up 2.1%

The business has a fifty day moving average of $106.45 and a two-hundred day moving average of $103.24.

Institutional Investors Weigh In On iShares Convertible Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH acquired a new stake in iShares Convertible Bond ETF during the 3rd quarter valued at $2,701,000. AMG National Trust Bank boosted its holdings in shares of iShares Convertible Bond ETF by 1.8% during the third quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock worth $49,652,000 after purchasing an additional 8,715 shares during the last quarter. Cassilly Financial Group LLC acquired a new stake in shares of iShares Convertible Bond ETF during the fourth quarter worth $824,000. Arete Wealth Advisors LLC boosted its holdings in shares of iShares Convertible Bond ETF by 328.4% during the third quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock worth $1,051,000 after purchasing an additional 8,047 shares during the last quarter. Finally, Ascent Group LLC boosted its holdings in shares of iShares Convertible Bond ETF by 25.8% during the fourth quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock worth $3,035,000 after purchasing an additional 6,314 shares during the last quarter.

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. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.