iShares Convertible Bond ETF (BATS:ICVT) Hits New 12-Month High After Dividend Announcement

iShares Convertible Bond ETF (BATS:ICVT) shares hit a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as $86.18 and last traded at $86.66, with a volume of 338203 shares traded. The stock had previously closed at $85.13.

The newly announced dividend which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be paid a $0.1406 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

iShares Convertible Bond ETF Trading Up 2.0 %

The firm has a 50-day moving average of $87.19 and a 200-day moving average of $84.09.

Hedge Funds Weigh In On iShares Convertible Bond ETF

A number of hedge funds have recently modified their holdings of the company. Icon Wealth Advisors LLC grew its holdings in shares of iShares Convertible Bond ETF by 4.9% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,048 shares of the company’s stock worth $255,000 after acquiring an additional 142 shares during the period. Braun Bostich & Associates Inc. boosted its holdings in iShares Convertible Bond ETF by 3.8% in the third quarter. Braun Bostich & Associates Inc. now owns 4,198 shares of the company’s stock worth $351,000 after acquiring an additional 155 shares in the last quarter. LGT Financial Advisors LLC grew its stake in shares of iShares Convertible Bond ETF by 45.3% in the third quarter. LGT Financial Advisors LLC now owns 526 shares of the company’s stock worth $44,000 after acquiring an additional 164 shares during the last quarter. Spire Wealth Management increased its holdings in shares of iShares Convertible Bond ETF by 56.9% during the fourth quarter. Spire Wealth Management now owns 452 shares of the company’s stock valued at $38,000 after acquiring an additional 164 shares in the last quarter. Finally, Keystone Financial Services raised its position in shares of iShares Convertible Bond ETF by 5.6% in the 4th quarter. Keystone Financial Services now owns 3,226 shares of the company’s stock worth $274,000 after purchasing an additional 170 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.