iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 52-Week Low – Should You Sell?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEARGet Free Report)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $50.03 and last traded at $50.06, with a volume of 385902 shares. The stock had previously closed at $50.08.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The firm has a 50-day moving average price of $50.20 and a 200 day moving average price of $50.29.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

Institutional investors have recently added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the second quarter valued at approximately $25,253,000. Bank of New York Mellon Corp lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 725.3% in the 1st quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock worth $21,588,000 after purchasing an additional 376,871 shares during the last quarter. Captrust Financial Advisors boosted its position in iShares Short Maturity Municipal Bond Active ETF by 105.8% during the 2nd quarter. Captrust Financial Advisors now owns 584,589 shares of the company’s stock valued at $29,387,000 after purchasing an additional 300,537 shares during the period. Resonant Capital Advisors LLC boosted its position in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after purchasing an additional 293,492 shares during the period. Finally, Cetera Investment Advisers boosted its position in iShares Short Maturity Municipal Bond Active ETF by 138.2% during the 4th quarter. Cetera Investment Advisers now owns 485,302 shares of the company’s stock valued at $24,420,000 after purchasing an additional 281,524 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Company Profile

(Get Free Report)

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.

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