Merit Financial Group LLC Acquires 70,989 Shares of iShares Short Maturity Municipal Bond Active ETF $MEAR

Merit Financial Group LLC grew its holdings in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 193.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 107,594 shares of the company’s stock after buying an additional 70,989 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $5,414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. CWM LLC raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 0.9% in the fourth quarter. CWM LLC now owns 170,185 shares of the company’s stock valued at $8,564,000 after purchasing an additional 1,513 shares during the period. DeLarme Wealth Management Inc. bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the fourth quarter valued at approximately $5,953,000. Client First Capital LLC raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 102.7% in the fourth quarter. Client First Capital LLC now owns 17,848 shares of the company’s stock valued at $898,000 after purchasing an additional 9,044 shares during the period. DORVAL Corp raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 83.0% in the fourth quarter. DORVAL Corp now owns 17,004 shares of the company’s stock valued at $856,000 after purchasing an additional 7,711 shares during the period. Finally, Farther Finance Advisors LLC raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 471.9% in the fourth quarter. Farther Finance Advisors LLC now owns 11,650 shares of the company’s stock valued at $586,000 after purchasing an additional 9,613 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Price Performance

BATS MEAR opened at $50.34 on Friday. The company’s 50 day moving average is $50.42 and its 200-day moving average is $50.39. iShares Short Maturity Municipal Bond Active ETF has a 12-month low of $49.81 and a 12-month high of $50.79.

iShares Short Maturity Municipal Bond Active ETF Company Profile

The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.