iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 1-Year High – Still a Buy?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) reached a new 52-week high on Monday . The company traded as high as $50.59 and last traded at $50.59, with a volume of 2151469 shares. The stock had previously closed at $50.55.

iShares Ultra Short-Term Bond Active ETF Price Performance

The company’s 50-day simple moving average is $50.57 and its 200-day simple moving average is $50.55.

Institutional Investors Weigh In On iShares Ultra Short-Term Bond Active ETF

A number of large investors have recently added to or reduced their stakes in ICSH. Rosenberg Matthew Hamilton boosted its position in 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 last quarter. Western Pacific Wealth Management LP acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF in the third quarter worth about $51,000. Castleview Partners LLC acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF in the third quarter worth about $86,000. Assetmark Inc. boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 48.7% in the third quarter. Assetmark Inc. now owns 2,210 shares of the company’s stock valued at $112,000 after purchasing an additional 724 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in iShares Ultra Short-Term Bond Active ETF by 81.8% during the 3rd quarter. Blue Trust Inc. now owns 3,723 shares of the company’s stock valued at $188,000 after purchasing an additional 1,675 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.