iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 12-Month High – Still a Buy?

Shares of iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) reached a new 52-week high during trading on Monday . The stock traded as high as $50.55 and last traded at $50.63, with a volume of 839690 shares trading hands. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Stock Up 0.3 %

The firm’s fifty day moving average price is $50.51 and its 200 day moving average price is $50.57.

iShares Ultra Short-Term Bond Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1981 per share. The ex-dividend date was Monday, February 3rd.

Hedge Funds Weigh In On iShares Ultra Short-Term Bond Active ETF

A number of institutional investors have recently modified their holdings of ICSH. Vista Finance LLC raised its position in iShares Ultra Short-Term Bond Active ETF by 8.8% during the third quarter. Vista Finance LLC now owns 61,300 shares of the company’s stock valued at $3,110,000 after acquiring an additional 4,965 shares in the last quarter. Valmark Advisers Inc. grew its stake in shares of iShares Ultra Short-Term Bond Active ETF by 5.6% during the 3rd quarter. Valmark Advisers Inc. now owns 28,096 shares of the company’s stock worth $1,426,000 after purchasing an additional 1,488 shares during the period. Mutual Advisors LLC increased its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 12.9% during the 3rd quarter. Mutual Advisors LLC now owns 32,055 shares of the company’s stock valued at $1,623,000 after purchasing an additional 3,671 shares in the last quarter. Pinnacle Associates Ltd. acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 3rd quarter valued at $366,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of iShares Ultra Short-Term Bond Active ETF by 159.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 650 shares of the company’s stock valued at $33,000 after purchasing an additional 399 shares during the period.

About iShares Ultra Short-Term Bond Active ETF

The iShares Ultra Short-Term Bond ETF (ICSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in broad market, investment-grade bonds with ultra-short-term maturity. ICSH was launched on Dec 11, 2013 and is managed by BlackRock.