iShares Convertible Bond ETF (BATS:ICVT) Reaches New 52-Week High – What’s Next?

iShares Convertible Bond ETF (BATS:ICVT) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $86.18 and last traded at $87.80, with a volume of 338203 shares trading hands. The stock had previously closed at $85.13.

iShares Convertible Bond ETF Stock Up 3.1 %

The firm has a fifty day moving average price of $87.11 and a two-hundred day moving average price of $83.65.

Institutional Trading of iShares Convertible Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP bought a new position in shares of iShares Convertible Bond ETF in the second quarter worth about $80,458,000. Advisory Alpha LLC boosted its position in iShares Convertible Bond ETF by 1.9% in the 2nd quarter. Advisory Alpha LLC now owns 428,286 shares of the company’s stock valued at $33,682,000 after buying an additional 7,855 shares during the period. Greenleaf Trust grew its stake in iShares Convertible Bond ETF by 4.2% in the 3rd quarter. Greenleaf Trust now owns 419,049 shares of the company’s stock worth $35,062,000 after acquiring an additional 16,894 shares in the last quarter. Assetmark Inc. increased its position in shares of iShares Convertible Bond ETF by 150.4% during the third quarter. Assetmark Inc. now owns 254,643 shares of the company’s stock worth $21,306,000 after acquiring an additional 152,939 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares Convertible Bond ETF by 32.6% during the third quarter. JPMorgan Chase & Co. now owns 228,239 shares of the company’s stock valued at $19,097,000 after acquiring an additional 56,149 shares in 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.