iShares Convertible Bond ETF (BATS:ICVT) Sets New 1-Year High – Time to Buy?

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high during trading on Monday . The stock traded as high as $126.56 and last traded at $125.00, with a volume of 13951 shares. The stock had previously closed at $124.25.

iShares Convertible Bond ETF Stock Up 0.1%

The stock has a 50-day simple moving average of $116.57 and a 200 day simple moving average of $107.47.

Institutional Trading of iShares Convertible Bond ETF

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