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 stock traded as low as $50.40 and last traded at $50.42, with a volume of 200320 shares trading hands. The stock had previously closed at $50.56.

iShares Ultra Short-Term Bond Active ETF Stock Down 0.3%

The stock has a fifty day moving average of $50.50 and a 200-day moving average of $50.56.

Institutional Investors Weigh In On iShares Ultra Short-Term Bond Active ETF

A number of hedge funds have recently bought and sold shares of ICSH. Networth Advisors LLC purchased a new stake in shares of iShares Ultra Short-Term Bond Active ETF during the fourth quarter worth approximately $27,000. TD Capital Management LLC lifted its stake in iShares Ultra Short-Term Bond Active ETF by 2,595.0% in the fourth quarter. TD Capital Management LLC now owns 539 shares of the company’s stock worth $27,000 after acquiring an additional 519 shares during the last quarter. Triumph Capital Management purchased a new position in iShares Ultra Short-Term Bond Active ETF in the third quarter worth approximately $28,000. NBC Securities Inc. lifted its stake in iShares Ultra Short-Term Bond Active ETF by 497.0% in the fourth quarter. NBC Securities Inc. now owns 597 shares of the company’s stock worth $30,000 after acquiring an additional 497 shares during the last quarter. Finally, Mcguire Capital Advisors Inc. acquired a new position in iShares Ultra Short-Term Bond Active ETF during the 4th quarter worth approximately $34,000.

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.