iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Reaches New 12-Month Low – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s share price hit a new 52-week low on Tuesday . The company traded as low as $50.38 and last traded at $50.39, with a volume of 104801 shares traded. The stock had previously closed at $50.55.

iShares Ultra Short-Term Bond Active ETF Price Performance

The business has a 50 day moving average price of $50.50 and a 200-day moving average price of $50.54.

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

Several institutional investors have recently added to or reduced their stakes in ICSH. Guyasuta Investment Advisors Inc. acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF during the 1st quarter valued at $3,600,000. J.W. Cole Advisors Inc. grew its holdings in iShares Ultra Short-Term Bond Active ETF by 7.1% in the fourth quarter. J.W. Cole Advisors Inc. now owns 354,460 shares of the company’s stock worth $17,929,000 after purchasing an additional 23,374 shares during the period. Legacy Wealth Managment LLC ID grew its holdings in iShares Ultra Short-Term Bond Active ETF by 80.4% in the fourth quarter. Legacy Wealth Managment LLC ID now owns 189,695 shares of the company’s stock worth $9,595,000 after purchasing an additional 84,531 shares during the period. Mainsail Asset Management LLC increased its stake in iShares Ultra Short-Term Bond Active ETF by 7.1% in the fourth quarter. Mainsail Asset Management LLC now owns 408,645 shares of the company’s stock valued at $20,669,000 after purchasing an additional 27,205 shares in the last quarter. Finally, Cary Street Partners Financial LLC increased its stake in iShares Ultra Short-Term Bond Active ETF by 1.8% in the fourth quarter. Cary Street Partners Financial LLC now owns 596,354 shares of the company’s stock valued at $30,164,000 after purchasing an additional 10,740 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.