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

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) shares hit a new 52-week low on Wednesday . The company traded as low as $50.40 and last traded at $50.41, with a volume of 324477 shares traded. The stock had previously closed at $50.58.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The company has a 50-day moving average of $50.53 and a 200-day moving average of $50.58.

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

A number of institutional investors have recently made changes to their positions in ICSH. Temasek Holdings Private Ltd acquired a new stake in shares of iShares Ultra Short-Term Bond Active ETF during the 3rd quarter worth about $100,178,000. Foster Dykema Cabot & Partners LLC raised its position in shares of iShares Ultra Short-Term Bond Active ETF by 84.7% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 4,025,851 shares of the company’s stock valued at $203,628,000 after buying an additional 1,846,242 shares during the last quarter. Prosperity Consulting Group LLC acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF in the third quarter valued at approximately $32,752,000. Capital Advantage Inc. lifted its stake in shares of iShares Ultra Short-Term Bond Active ETF by 737.4% during the fourth quarter. Capital Advantage Inc. now owns 718,302 shares of the company’s stock valued at $36,332,000 after buying an additional 632,528 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of iShares Ultra Short-Term Bond Active ETF by 16.4% during the second quarter. Bank of America Corp DE now owns 3,994,163 shares of the company’s stock valued at $202,544,000 after buying an additional 561,690 shares during the period.

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.