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

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $50.55 and last traded at $50.63, with a volume of 839690 shares trading hands. The stock had previously closed at $50.51.

iShares Ultra Short-Term Bond Active ETF Stock Up 0.2 %

The firm’s 50 day moving average price is $50.51 and its two-hundred day moving average price is $50.56.

Institutional Trading of iShares Ultra Short-Term Bond Active ETF

Several hedge funds have recently made changes to their positions in ICSH. Rosenberg Matthew Hamilton grew its stake in shares of 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 period. Hoese & Co LLP purchased a new stake in shares of iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at approximately $43,000. Western Pacific Wealth Management LP purchased a new stake in shares of iShares Ultra Short-Term Bond Active ETF in the 3rd quarter valued at approximately $51,000. Castleview Partners LLC purchased a new stake in shares of iShares Ultra Short-Term Bond Active ETF in the 3rd quarter valued at approximately $86,000. Finally, Assetmark Inc. lifted its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 48.7% in the 3rd quarter. Assetmark Inc. now owns 2,210 shares of the company’s stock worth $112,000 after acquiring an additional 724 shares during 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.