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

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

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

The firm’s fifty day moving average price is $50.51 and its 200 day moving average price is $50.56.

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

Several large investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Ultra Short-Term Bond Active ETF by 3.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,293,747 shares of the company’s stock worth $116,385,000 after acquiring an additional 80,048 shares during the last quarter. Donaldson Capital Management LLC lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 10.6% during the 3rd quarter. Donaldson Capital Management LLC now owns 2,201,671 shares of the company’s stock worth $111,713,000 after buying an additional 211,071 shares in the last quarter. Diversified Portfolios Inc. lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 36.1% during 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 in the last quarter. Foster Group Inc. lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 4.5% during the 4th quarter. Foster Group Inc. now owns 826,044 shares of the company’s stock worth $41,657,000 after buying an additional 35,246 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 33.7% during the 3rd quarter. MML Investors Services LLC now owns 468,786 shares of the company’s stock worth $23,786,000 after buying an additional 118,188 shares in 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.