iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Sets New 52-Week High – Time to Buy?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $50.62 and last traded at $50.62, with a volume of 1309775 shares changing hands. The stock had previously closed at $50.62.

iShares Ultra Short-Term Bond Active ETF Price Performance

The company has a 50-day simple moving average of $50.60 and a two-hundred day simple moving average of $50.55.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.2233 dividend. The ex-dividend date was Tuesday, September 3rd. This is an increase from iShares Ultra Short-Term Bond Active ETF’s previous dividend of $0.22.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ICSH. Rosenberg Matthew Hamilton boosted its stake in iShares Ultra Short-Term Bond Active ETF by 159.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 650 shares of the company’s stock valued at $33,000 after purchasing an additional 399 shares in the last quarter. SOA Wealth Advisors LLC. acquired a new stake in iShares Ultra Short-Term Bond Active ETF in the 2nd quarter worth approximately $44,000. Western Pacific Wealth Management LP acquired a new position in iShares Ultra Short-Term Bond Active ETF during the third quarter valued at approximately $51,000. Castleview Partners LLC acquired a new position in iShares Ultra Short-Term Bond Active ETF during the third quarter valued at approximately $86,000. Finally, Assetmark Inc. lifted its stake in shares of 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 worth $112,000 after buying an additional 724 shares during 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.