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

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) reached a new 52-week high on Tuesday . The stock traded as high as $50.55 and last traded at $50.57, with a volume of 839690 shares changing hands. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Price Performance

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

iShares Ultra Short-Term Bond Active ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1981 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

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

Institutional investors have recently bought and sold shares of the company. Providence First Trust Co purchased a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at about $27,000. M Holdings Securities Inc. purchased a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at about $29,000. Rosenberg Matthew Hamilton boosted its stake in shares of iShares Ultra Short-Term Bond Active ETF by 159.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 650 shares of the company’s stock valued at $33,000 after buying an additional 399 shares during the period. Hoese & Co LLP purchased a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at about $43,000. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at about $50,000.

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.