iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 1-Year High – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price reached a new 52-week high on Monday . The stock traded as high as $50.59 and last traded at $50.59, with a volume of 2151469 shares trading hands. The stock had previously closed at $50.55.

iShares Ultra Short-Term Bond Active ETF Stock Up 0.1 %

The business has a fifty day moving average of $50.57 and a two-hundred day moving average of $50.55.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its stake in iShares Ultra Short-Term Bond Active ETF by 48.7% during the 3rd quarter. Assetmark Inc. now owns 2,210 shares of the company’s stock worth $112,000 after acquiring an additional 724 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in iShares Ultra Short-Term Bond Active ETF by 5.7% during the third quarter. Advisors Asset Management Inc. now owns 8,869 shares of the company’s stock worth $450,000 after purchasing an additional 480 shares in the last quarter. Guidance Capital Inc. boosted its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 6.7% in the 3rd quarter. Guidance Capital Inc. now owns 153,271 shares of the company’s stock valued at $7,759,000 after buying an additional 9,614 shares in the last quarter. Market Street Wealth Management Advisors LLC grew its position in shares of iShares Ultra Short-Term Bond Active ETF by 12.9% in the 3rd quarter. Market Street Wealth Management Advisors LLC now owns 10,701 shares of the company’s stock valued at $543,000 after buying an additional 1,222 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its stake in iShares Ultra Short-Term Bond Active ETF by 33.5% during the 3rd quarter. Flow Traders U.S. LLC now owns 135,914 shares of the company’s stock worth $6,896,000 after acquiring an additional 34,071 shares in the last quarter.

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.