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

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $50.55 and last traded at $50.54, with a volume of 839690 shares changing hands. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The business’s 50 day moving average price is $50.50 and its 200-day moving average price is $50.55.

Institutional Trading of iShares Ultra Short-Term Bond Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of ICSH. Cerro Pacific Wealth Advisors LLC grew its stake in iShares Ultra Short-Term Bond Active ETF by 49.1% during the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 75,515 shares of the company’s stock valued at $3,832,000 after purchasing an additional 24,853 shares in the last quarter. Galvin Gaustad & Stein LLC grew its position in shares of iShares Ultra Short-Term Bond Active ETF by 273.8% during the fourth quarter. Galvin Gaustad & Stein LLC now owns 81,513 shares of the company’s stock worth $4,111,000 after buying an additional 59,708 shares in the last quarter. Goldstein Advisors LLC bought a new stake in shares of iShares Ultra Short-Term Bond Active ETF in the fourth quarter worth $4,872,000. Market Street Wealth Management Advisors LLC raised its holdings in iShares Ultra Short-Term Bond Active ETF by 2.5% in the fourth quarter. Market Street Wealth Management Advisors LLC now owns 10,973 shares of the company’s stock valued at $553,000 after acquiring an additional 272 shares in the last quarter. Finally, Peterson Wealth Advisors LLC raised its holdings in iShares Ultra Short-Term Bond Active ETF by 17.9% in the fourth quarter. Peterson Wealth Advisors LLC now owns 53,544 shares of the company’s stock valued at $2,702,000 after acquiring an additional 8,141 shares in 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.