iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Reaches New 12-Month Low – Time to Sell?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price reached a new 52-week low on Friday . The company traded as low as $50.38 and last traded at $50.38, with a volume of 1134278 shares changing hands. The stock had previously closed at $50.39.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The stock has a 50-day moving average price of $50.48 and a 200-day moving average price of $50.53.

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

Institutional investors have recently made changes to their positions in the business. Foster Dykema Cabot & Partners LLC lifted its position in shares of iShares Ultra Short-Term Bond Active ETF by 84.7% in the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 4,025,851 shares of the company’s stock worth $203,628,000 after buying an additional 1,846,242 shares during the last quarter. Prosperity Consulting Group LLC acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 3rd quarter valued at about $32,752,000. Bank of America Corp DE grew its position in shares of iShares Ultra Short-Term Bond Active ETF by 16.4% during the 2nd quarter. Bank of America Corp DE now owns 3,994,163 shares of the company’s stock valued at $202,544,000 after buying an additional 561,690 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Ultra Short-Term Bond Active ETF by 16.1% during the 4th quarter. LPL Financial LLC now owns 2,887,396 shares of the company’s stock valued at $146,044,000 after buying an additional 400,009 shares during the last quarter. Finally, Denver PWM LLC acquired a new stake in iShares Ultra Short-Term Bond Active ETF during the second quarter worth about $16,510,000.

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.