iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Hits New 52-Week Low – Here’s Why

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) shares reached a new 52-week low during 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 Up 0.0%

The stock has a 50 day moving average of $50.50 and a two-hundred day moving average of $50.56.

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

Several institutional investors have recently made changes to their positions in the stock. Networth Advisors LLC purchased a new position in shares of iShares Ultra Short-Term Bond Active ETF in the 4th quarter valued at about $27,000. TD Capital Management LLC boosted its holdings in iShares Ultra Short-Term Bond Active ETF by 2,595.0% during the fourth quarter. TD Capital Management LLC now owns 539 shares of the company’s stock worth $27,000 after buying an additional 519 shares in the last quarter. Triumph Capital Management purchased a new stake in iShares Ultra Short-Term Bond Active ETF during the third quarter worth about $28,000. NBC Securities Inc. grew its position in iShares Ultra Short-Term Bond Active ETF by 497.0% during the fourth quarter. NBC Securities Inc. now owns 597 shares of the company’s stock worth $30,000 after buying an additional 497 shares during the period. Finally, Mcguire Capital Advisors Inc. acquired a new position in iShares Ultra Short-Term Bond Active ETF during the fourth quarter worth about $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.