iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 12-Month High – Should You Buy?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) hit a new 52-week high on Wednesday . The stock traded as high as $50.55 and last traded at $50.58, with a volume of 839690 shares traded. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The firm has a 50-day moving average price of $50.51 and a two-hundred day moving average price of $50.56.

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

Several institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in iShares Ultra Short-Term Bond Active ETF by 3.6% in the third 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 during the last quarter. Donaldson Capital Management LLC increased its stake in iShares Ultra Short-Term Bond Active ETF by 10.6% in the third quarter. Donaldson Capital Management LLC now owns 2,201,671 shares of the company’s stock valued at $111,713,000 after purchasing an additional 211,071 shares during the last quarter. Diversified Portfolios Inc. increased its stake in iShares Ultra Short-Term Bond Active ETF by 36.1% in the third quarter. Diversified Portfolios Inc. now owns 1,152,993 shares of the company’s stock valued at $58,503,000 after purchasing an additional 305,634 shares during the last quarter. Foster Group Inc. increased its stake in iShares Ultra Short-Term Bond Active ETF by 4.5% during the fourth quarter. Foster Group Inc. now owns 826,044 shares of the company’s stock worth $41,657,000 after acquiring an additional 35,246 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in iShares Ultra Short-Term Bond Active ETF by 33.7% during the third 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 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.