iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 12-Month High – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $50.58 and last traded at $50.57, with a volume of 531047 shares changing hands. The stock had previously closed at $50.57.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The firm has a 50 day moving average price of $50.60 and a two-hundred day moving average price of $50.54.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

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

Institutional Trading of iShares Ultra Short-Term Bond Active ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in iShares Ultra Short-Term Bond Active ETF by 3.6% during 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 acquiring an additional 80,048 shares during the last quarter. Donaldson Capital Management LLC raised its stake in shares of iShares Ultra Short-Term Bond Active ETF by 10.6% in the 3rd 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 in the last quarter. Diversified Portfolios Inc. lifted its position in shares of iShares Ultra Short-Term Bond Active ETF by 36.1% during the third quarter. Diversified Portfolios Inc. now owns 1,152,993 shares of the company’s stock worth $58,503,000 after purchasing an additional 305,634 shares during the last quarter. Capital Advantage Inc. grew its stake in iShares Ultra Short-Term Bond Active ETF by 19.6% in the second quarter. Capital Advantage Inc. now owns 930,308 shares of the company’s stock worth $46,906,000 after purchasing an additional 152,636 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in iShares Ultra Short-Term Bond Active ETF by 33.7% in the third quarter. MML Investors Services LLC now owns 468,786 shares of the company’s stock worth $23,786,000 after purchasing an additional 118,188 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.