iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Reaches New 1-Year High – Still a Buy?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s share price hit a new 52-week high on Tuesday . The company traded as high as $50.55 and last traded at $50.57, with a volume of 839690 shares trading hands. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The business’s 50 day simple moving average is $50.51 and its two-hundred day simple moving average is $50.56.

iShares Ultra Short-Term Bond Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were issued 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

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 worth $420,000 after purchasing an additional 203 shares during the last quarter. Private Trust Co. NA boosted 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 buying an additional 230 shares during the period. Schmidt P J Investment Management Inc. grew its holdings 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 worth $507,000 after acquiring an additional 241 shares during the last quarter. CGC Financial Services LLC increased its position in iShares Ultra Short-Term Bond Active ETF by 1.9% in the 4th quarter. CGC Financial Services LLC now owns 12,980 shares of the company’s stock valued at $655,000 after acquiring 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% during the fourth quarter. Cannon Financial Strategists Inc. now owns 28,679 shares of the company’s stock valued at $1,446,000 after acquiring an additional 268 shares during 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.