iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Reaches New 1-Year High – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.55 and last traded at $50.58, with a volume of 839690 shares. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Stock Up 0.1 %

The company’s 50 day moving average price is $50.50 and its 200-day moving average price is $50.56.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Diversified Portfolios Inc. boosted its stake in shares of iShares Ultra Short-Term Bond Active ETF by 36.1% in the 3rd quarter. Diversified Portfolios Inc. now owns 1,152,993 shares of the company’s stock worth $58,503,000 after buying an additional 305,634 shares during the last quarter. Valtinson Bruner Financial Planning LLC bought a new stake in iShares Ultra Short-Term Bond Active ETF during the third quarter worth $10,953,000. Donaldson Capital Management LLC boosted its position in iShares Ultra Short-Term Bond Active ETF by 10.6% in the third quarter. Donaldson Capital Management LLC now owns 2,201,671 shares of the company’s stock worth $111,713,000 after purchasing an additional 211,071 shares during the last quarter. Transcendent Capital Group LLC grew its stake in iShares Ultra Short-Term Bond Active ETF by 22,626.3% in the 3rd quarter. Transcendent Capital Group LLC now owns 179,992 shares of the company’s stock valued at $9,133,000 after purchasing an additional 179,200 shares during the period. Finally, Boulder Wealth Advisors LLC purchased a new stake in shares of iShares Ultra Short-Term Bond Active ETF during the 3rd quarter valued at $7,503,000.

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.