Shares of iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $119.07 and last traded at $119.00, with a volume of 204308 shares. The stock had previously closed at $118.62.
iShares Convertible Bond ETF Price Performance
The company has a fifty day simple moving average of $107.67 and a two-hundred day simple moving average of $103.80.
Institutional Trading of iShares Convertible Bond ETF
Large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH purchased a new position in shares of iShares Convertible Bond ETF in the 3rd quarter worth about $2,701,000. AMG National Trust Bank raised its holdings in shares of iShares Convertible Bond ETF by 1.8% during the 3rd quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock valued at $49,652,000 after buying an additional 8,715 shares during the period. Cassilly Financial Group LLC purchased a new stake in shares of iShares Convertible Bond ETF during the 4th quarter valued at about $824,000. Arete Wealth Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 328.4% during the 3rd quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock valued at $1,051,000 after buying an additional 8,047 shares during the period. Finally, Ascent Group LLC raised its holdings in shares of iShares Convertible Bond ETF by 25.8% during the 4th quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock valued at $3,035,000 after buying an additional 6,314 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.
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