iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Reaches New 52-Week Low – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) shares reached a new 52-week low on Wednesday . The stock traded as low as $50.40 and last traded at $50.41, with a volume of 324477 shares changing hands. The stock had previously closed at $50.58.

iShares Ultra Short-Term Bond Active ETF Trading Down 0.3%

The firm’s fifty day moving average price is $50.53 and its two-hundred day moving average price is $50.58.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ICSH. Temasek Holdings Private Ltd acquired a new stake in iShares Ultra Short-Term Bond Active ETF in the third quarter valued at approximately $100,178,000. Foster Dykema Cabot & Partners LLC raised its position in shares of iShares Ultra Short-Term Bond Active ETF by 84.7% during the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 4,025,851 shares of the company’s stock worth $203,628,000 after purchasing an additional 1,846,242 shares during the period. Prosperity Consulting Group LLC acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF during the third quarter worth approximately $32,752,000. Capital Advantage Inc. lifted its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 737.4% in the 4th quarter. Capital Advantage Inc. now owns 718,302 shares of the company’s stock worth $36,332,000 after purchasing an additional 632,528 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 16.4% in the 2nd quarter. Bank of America Corp DE now owns 3,994,163 shares of the company’s stock worth $202,544,000 after purchasing an additional 561,690 shares in 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.