Global Retirement Partners LLC has expanded its investment portfolio by acquiring a significant position in the iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) during the second quarter of 2023. According to a recent filing with the U.S. Securities and Exchange Commission (SEC), the firm purchased 204,602 shares of the ETF, valued at approximately $10,375,000. Following this acquisition, Global Retirement Partners LLC now holds about 0.17% of the iShares Ultra Short-Term Bond Active ETF.
Several other institutional investors and hedge funds have also adjusted their stakes in this ETF recently. For instance, Costello Asset Management INC established a new position in the iShares Ultra Short-Term Bond Active ETF during the first quarter, valued at $26,000. Meanwhile, MJT & Associates Financial Advisory Group Inc. significantly increased its stake by 136.7% in the second quarter, now owning 613 shares valued at $31,000 after acquiring an additional 354 shares.
In addition, Harbor Asset Planning Inc. purchased a new position in the ETF during the same quarter, valued at about $41,000. AdvisorNet Financial Inc. also boosted its holdings by 40.9%, now owning 2,043 shares worth $104,000 after acquiring an additional 593 shares. Lastly, PNC Financial Services Group Inc. experienced a remarkable growth of 185.5% in its stake during the first quarter, owning 2,544 shares valued at $129,000 following an additional purchase of 1,653 shares.
Market Performance and ETF Overview
As of Monday, the iShares Ultra Short-Term Bond Active ETF traded at $50.70, reflecting a modest increase of 0.4%. The ETF has demonstrated stability, with a fifty-two week low of $50.33 and a high of $50.77. Its 50-day simple moving average stands at $50.67, while the 200-day simple moving average is approximately $50.63.
The iShares Ultra Short-Term Bond ETF (ICSH) primarily invests in investment-grade fixed income securities. Launched on December 11, 2013, the fund is actively managed by BlackRock to focus on broad market, investment-grade bonds with ultra-short-term maturities.
For those interested in tracking further developments, including the activities of other hedge funds holding this ETF, resources such as HoldingsChannel.com provide updates on the latest 13F filings and insider trades related to the iShares Ultra Short-Term Bond Active ETF (BATS:ICSH).
