SVB Wealth LLC Lowers Position in BlackRock Ultra Short-Term Bond ETF (BATS:ICSH)

SVB Wealth LLC trimmed its position in shares of BlackRock Ultra Short-Term Bond ETF (BATS:ICSH) by 51.1% during the second quarter, Holdings Channel.com reports. The fund owned 304,130 shares of the company’s stock after selling 317,207 shares during the quarter. SVB Wealth LLC’s holdings in BlackRock Ultra Short-Term Bond ETF were worth $15,368,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ICSH. Argent Advisors Inc. grew its holdings in shares of BlackRock Ultra Short-Term Bond ETF by 11.3% in the second quarter. Argent Advisors Inc. now owns 5,893 shares of the company’s stock valued at $298,000 after acquiring an additional 597 shares in the last quarter. Nations Financial Group Inc. IA ADV grew its stake in BlackRock Ultra Short-Term Bond ETF by 32.0% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 61,417 shares of the company’s stock valued at $3,103,000 after purchasing an additional 14,891 shares during the period. SOA Wealth Advisors LLC. purchased a new stake in shares of BlackRock Ultra Short-Term Bond ETF during the 2nd quarter valued at $44,000. Hexagon Capital Partners LLC raised its stake in shares of BlackRock Ultra Short-Term Bond ETF by 25.3% during the 2nd quarter. Hexagon Capital Partners LLC now owns 15,672 shares of the company’s stock worth $792,000 after purchasing an additional 3,166 shares during the period. Finally, Capital Advantage Inc. boosted its holdings in shares of BlackRock Ultra Short-Term Bond ETF by 19.6% in the 2nd quarter. Capital Advantage Inc. now owns 930,308 shares of the company’s stock worth $46,906,000 after buying an additional 152,636 shares during the last quarter.

BlackRock Ultra Short-Term Bond ETF Price Performance

ICSH traded up $0.03 during trading on Friday, hitting $50.58. 1,149,547 shares of the company traded hands. BlackRock Ultra Short-Term Bond ETF has a one year low of $49.98 and a one year high of $50.54. The stock’s fifty day moving average is $50.54 and its 200 day moving average is $50.48.

BlackRock Ultra Short-Term Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.2233 per share. This is an increase from BlackRock Ultra Short-Term Bond ETF’s previous dividend of $0.22. The ex-dividend date was Tuesday, September 3rd.

BlackRock Ultra Short-Term Bond ETF Company Profile

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.