iShares Convertible Bond ETF Reaches New 12-Month High Following Dividend Announcement

The iShares Convertible Bond ETF (BATS:ICVT) achieved a new 52-week high on Monday after the company announced a dividend. The ETF reached a peak price of $86.18 during trading and ultimately closed at $86.66, with a total trading volume of 338,203 shares. This is an increase from its previous closing price of $85.13.

The newly declared dividend is set to be paid on Thursday, February 6th, to shareholders who are on record as of Monday, February 3rd. Stockholders will receive a dividend of $0.1406 per share. The ex-dividend date is also Monday, February 3rd.

iShares Convertible Bond ETF Price Performance

The iShares Convertible Bond ETF has maintained a 50-day moving average of $87.16 and a 200-day moving average of $84.14. This indicates a stable performance in the market over these periods.

Institutional Trading of iShares Convertible Bond ETF

Recently, several institutional investors have engaged in buying and selling shares of the iShares Convertible Bond ETF. For instance, PSI Advisors LLC made a new investment in the ETF valued at roughly $29,000 in the fourth quarter. Additionally, Spire Wealth Management increased its stake by an impressive 56.9%, now owning 452 shares worth approximately $38,000 after buying another 164 shares last quarter. Other notable transactions included LGT Financial Advisors LLC, which raised its holdings by 45.3% during the third quarter, now controlling 526 shares valued at around $44,000.

Moreover, Endeavor Private Wealth Inc. also acquired a new position valued at $45,000 in the fourth quarter. Elevation Wealth Partners LLC similarly raised its position in the ETF by 42.6%, now owning 897 shares worth approximately $76,000 after purchasing an additional 268 shares last quarter.

iShares Convertible Bond ETF Company Profile

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that primarily invests in broad credit fixed income. This fund tracks an index comprising USD-denominated convertible bonds that are weighted by market value. It exclusively includes cash-pay convertibles and excludes mandatory and preferred convertibles.

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