iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 1-Year Low – What’s Next?

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $50.40 and last traded at $50.42, with a volume of 200320 shares changing hands. The stock had previously closed at $50.56.

iShares Ultra Short-Term Bond Active ETF Stock Performance

The business has a 50 day simple moving average of $50.50 and a 200 day simple moving average of $50.56.

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

Several hedge funds have recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC increased its stake in iShares Ultra Short-Term Bond Active ETF by 84.7% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 4,025,851 shares of the company’s stock worth $203,628,000 after buying an additional 1,846,242 shares during the period. Prosperity Consulting Group LLC acquired a new stake in iShares Ultra Short-Term Bond Active ETF during the 3rd quarter worth approximately $32,752,000. Bank of America Corp DE boosted its position in iShares Ultra Short-Term Bond Active ETF by 16.4% in the 2nd 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. Elwood & Goetz Wealth Advisory Group LLC boosted its position in iShares Ultra Short-Term Bond Active ETF by 4,355.6% in the 4th quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 439,815 shares of the company’s stock valued at $22,246,000 after buying an additional 429,944 shares during the period. Finally, LPL Financial LLC grew its stake in shares of iShares Ultra Short-Term Bond Active ETF by 16.1% in the fourth quarter. LPL Financial LLC now owns 2,887,396 shares of the company’s stock worth $146,044,000 after acquiring an additional 400,009 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.