iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 52-Week High – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s share price reached a new 52-week high during trading on Monday . The company 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 has a fifty day simple moving average of $50.51 and a two-hundred day simple moving average of $50.57.

iShares Ultra Short-Term Bond Active ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a $0.1981 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ICSH. Koshinski Asset Management Inc. grew its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 2.5% during the fourth quarter. Koshinski Asset Management Inc. now owns 8,332 shares of the company’s stock valued at $420,000 after buying an additional 203 shares during the last quarter. Private Trust Co. NA lifted its position in iShares Ultra Short-Term Bond Active ETF by 21.5% during the 4th quarter. Private Trust Co. NA now owns 1,302 shares of the company’s stock worth $66,000 after acquiring an additional 230 shares during the period. Schmidt P J Investment Management Inc. grew its stake in iShares Ultra Short-Term Bond Active ETF by 2.5% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 10,063 shares of the company’s stock valued at $507,000 after purchasing an additional 241 shares during the last quarter. CGC Financial Services LLC increased its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 1.9% in the fourth quarter. CGC Financial Services LLC now owns 12,980 shares of the company’s stock valued at $655,000 after purchasing an additional 246 shares during the period. Finally, Cannon Financial Strategists Inc. raised its stake in shares of iShares Ultra Short-Term Bond Active ETF by 0.9% in the fourth quarter. Cannon Financial Strategists Inc. now owns 28,679 shares of the company’s stock worth $1,446,000 after purchasing an additional 268 shares during the last quarter.

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.