iShares Convertible Bond ETF (BATS:ICVT) Reaches New 1-Year High – Here’s What Happened

iShares Convertible Bond ETF (BATS:ICVT) shares hit 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 Performance

The stock has a 50 day simple moving average of $109.90 and a two-hundred day simple moving average of $104.59.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Several large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH acquired a new position in shares of iShares Convertible Bond ETF during the 3rd quarter worth approximately $2,701,000. AMG National Trust Bank lifted its holdings in iShares Convertible Bond ETF by 1.8% in the third quarter. AMG National Trust Bank now owns 496,267 shares of the company’s stock valued at $49,652,000 after acquiring an additional 8,715 shares during the last quarter. Cassilly Financial Group LLC acquired a new position in iShares Convertible Bond ETF in the fourth quarter valued at approximately $824,000. Arete Wealth Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 328.4% in the third quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock valued at $1,051,000 after acquiring an additional 8,047 shares during the last quarter. Finally, Ascent Group LLC lifted its holdings in iShares Convertible Bond ETF by 25.8% in the fourth quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock valued at $3,035,000 after acquiring 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.