iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Sets New 1-Year High – Should You Buy?

Shares of iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) hit a new 52-week high during trading on Wednesday . The stock traded as high as $50.58 and last traded at $50.57, with a volume of 531047 shares traded. The stock had previously closed at $50.57.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The firm’s 50-day moving average is $50.60 and its 200 day moving average is $50.54.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.2233 dividend. This is a positive change from iShares Ultra Short-Term Bond Active ETF’s previous dividend of $0.22. The ex-dividend date was Tuesday, September 3rd.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC increased its holdings in iShares Ultra Short-Term Bond Active ETF by 3.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,293,747 shares of the company’s stock valued at $116,385,000 after purchasing an additional 80,048 shares in the last quarter. Donaldson Capital Management LLC raised its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 10.6% during the 3rd quarter. Donaldson Capital Management LLC now owns 2,201,671 shares of the company’s stock valued at $111,713,000 after buying an additional 211,071 shares during the period. Diversified Portfolios Inc. lifted its position in iShares Ultra Short-Term Bond Active ETF by 36.1% during the 3rd quarter. Diversified Portfolios Inc. now owns 1,152,993 shares of the company’s stock worth $58,503,000 after acquiring an additional 305,634 shares in the last quarter. Capital Advantage Inc. lifted its position in iShares Ultra Short-Term Bond Active ETF by 19.6% during the 2nd quarter. Capital Advantage Inc. now owns 930,308 shares of the company’s stock worth $46,906,000 after acquiring an additional 152,636 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 33.7% in the 3rd quarter. MML Investors Services LLC now owns 468,786 shares of the company’s stock worth $23,786,000 after acquiring an additional 118,188 shares during the period.

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.