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

Shares of iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) reached a new 52-week high on Friday . The stock traded as high as $50.54 and last traded at $50.52, with a volume of 1027773 shares traded. The stock had previously closed at $50.50.

iShares Ultra Short-Term Bond Active ETF Price Performance

The firm’s 50 day moving average price is $50.61 and its 200-day moving average price is $50.53.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

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

Institutional Trading of iShares Ultra Short-Term Bond Active ETF

A number of institutional investors have recently modified their holdings of ICSH. Rosenberg Matthew Hamilton grew its position in iShares Ultra Short-Term Bond Active ETF by 159.0% in the third quarter. Rosenberg Matthew Hamilton now owns 650 shares of the company’s stock valued at $33,000 after purchasing an additional 399 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new position in iShares Ultra Short-Term Bond Active ETF during the second quarter valued at approximately $44,000. Western Pacific Wealth Management LP bought a new position in iShares Ultra Short-Term Bond Active ETF in the third quarter valued at approximately $51,000. Castleview Partners LLC bought a new stake in shares of iShares Ultra Short-Term Bond Active ETF during the 3rd quarter worth approximately $86,000. Finally, Assetmark Inc. increased its holdings in iShares Ultra Short-Term Bond Active ETF by 48.7% during the third quarter. Assetmark Inc. now owns 2,210 shares of the company’s stock worth $112,000 after buying an additional 724 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.