iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 1-Year High – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH)’s stock price hit a new 52-week high on Friday . The stock traded as high as $50.54 and last traded at $50.52, with a volume of 1027773 shares traded. The stock had previously closed at $50.50.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The business’s 50-day simple moving average is $50.61 and its 200-day simple moving average is $50.53.

iShares Ultra Short-Term Bond Active ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.2233 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This is a boost from iShares Ultra Short-Term Bond Active ETF’s previous dividend of $0.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steele Capital Management Inc. raised its stake in shares of iShares Ultra Short-Term Bond Active ETF by 0.4% during the 3rd quarter. Steele Capital Management Inc. now owns 157,425 shares of the company’s stock valued at $7,988,000 after buying an additional 637 shares during the last quarter. Advisors Asset Management Inc. raised its position in iShares Ultra Short-Term Bond Active ETF by 5.7% during the third quarter. Advisors Asset Management Inc. now owns 8,869 shares of the company’s stock valued at $450,000 after acquiring an additional 480 shares in the last quarter. Roger Wittlin Investment Advisory LLC lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 8.5% in the third quarter. Roger Wittlin Investment Advisory LLC now owns 25,614 shares of the company’s stock valued at $1,300,000 after acquiring an additional 2,012 shares during the period. Spectrum Planning & Advisory Services Inc. lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 17.4% in the third quarter. Spectrum Planning & Advisory Services Inc. now owns 4,906 shares of the company’s stock valued at $249,000 after acquiring an additional 727 shares during the period. Finally, Summit Wealth Group LLC boosted its position in iShares Ultra Short-Term Bond Active ETF by 9.8% in the 3rd quarter. Summit Wealth Group LLC now owns 106,571 shares of the company’s stock worth $5,407,000 after purchasing an additional 9,475 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.