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

iShares Convertible Bond ETF (BATS:ICVT) reached a new 52-week high on Tuesday . The stock traded as high as $112.67 and last traded at $112.54, with a volume of 45461 shares changing hands. The stock had previously closed at $112.35.

iShares Convertible Bond ETF Trading Down 0.0%

The company has a fifty day moving average of $104.83 and a two-hundred day moving average of $102.49.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Several hedge funds have recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 1.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 9,283 shares of the company’s stock valued at $929,000 after acquiring an additional 102 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings 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 in the last quarter. First Heartland Consultants Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 5.5% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,355 shares of the company’s stock valued at $236,000 after acquiring an additional 122 shares in the last quarter. Csenge Advisory Group raised its stake in shares of iShares Convertible Bond ETF by 4.5% during the fourth quarter. Csenge Advisory Group now owns 3,071 shares of the company’s stock valued at $302,000 after acquiring an additional 131 shares during the last quarter. Finally, Sowell Financial Services LLC raised its stake in shares of iShares Convertible Bond ETF by 5.1% during the fourth quarter. Sowell Financial Services LLC now owns 2,969 shares of the company’s stock valued at $292,000 after acquiring an additional 143 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.