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

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $50.58 and last traded at $50.57, with a volume of 531047 shares traded. The stock had previously closed at $50.57.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The business has a fifty day moving average price of $50.60 and a 200-day moving average price of $50.54.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICSH. Cannon Financial Strategists Inc. increased its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 0.9% during the third quarter. Cannon Financial Strategists Inc. now owns 28,411 shares of the company’s stock worth $1,442,000 after buying an additional 257 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of iShares Ultra Short-Term Bond Active ETF by 4.0% in the third quarter. Harbour Investments Inc. now owns 7,554 shares of the company’s stock worth $383,000 after purchasing an additional 291 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of iShares Ultra Short-Term Bond Active ETF by 159.0% in the third quarter. Rosenberg Matthew Hamilton now owns 650 shares of the company’s stock worth $33,000 after purchasing an additional 399 shares during the last quarter. Aspen Wealth Strategies LLC grew its stake in shares of iShares Ultra Short-Term Bond Active ETF by 7.5% in the third quarter. Aspen Wealth Strategies LLC now owns 5,852 shares of the company’s stock worth $297,000 after purchasing an additional 409 shares during the last quarter. Finally, Guardian Wealth Advisors LLC grew its stake in shares of iShares Ultra Short-Term Bond Active ETF by 1.1% in the third quarter. Guardian Wealth Advisors LLC now owns 41,310 shares of the company’s stock worth $2,096,000 after purchasing an additional 461 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.