iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 52-Week High – Still a Buy?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price hit a new 52-week high on Monday . The company traded as high as $50.65 and last traded at $50.46, with a volume of 842206 shares changing hands. The stock had previously closed at $50.65.

iShares Ultra Short-Term Bond Active ETF Stock Down 0.4 %

The stock has a 50 day moving average price of $50.60 and a two-hundred day moving average price of $50.55.

Institutional Trading of iShares Ultra Short-Term Bond Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 48.7% in the third quarter. Assetmark Inc. now owns 2,210 shares of the company’s stock valued at $112,000 after acquiring an additional 724 shares during the last quarter. Guidance Capital Inc. boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 6.7% during the third quarter. Guidance Capital Inc. now owns 153,271 shares of the company’s stock worth $7,759,000 after buying an additional 9,614 shares during the last quarter. Market Street Wealth Management Advisors LLC boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 12.9% during the third quarter. Market Street Wealth Management Advisors LLC now owns 10,701 shares of the company’s stock worth $543,000 after buying an additional 1,222 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 3.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,293,747 shares of the company’s stock worth $116,385,000 after buying an additional 80,048 shares during the last quarter. Finally, Probity Advisors Inc. bought a new position in iShares Ultra Short-Term Bond Active ETF during the third quarter worth about $495,000.

iShares Ultra Short-Term Bond Active 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.