Pine Harbor Wealth Management LLC Reduces Position in iShares Short Maturity Municipal Bond Active ETF $MEAR

Pine Harbor Wealth Management LLC lowered its stake in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 6.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 175,678 shares of the company’s stock after selling 12,074 shares during the period. iShares Short Maturity Municipal Bond Active ETF makes up approximately 2.7% of Pine Harbor Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Pine Harbor Wealth Management LLC owned about 0.78% of iShares Short Maturity Municipal Bond Active ETF worth $8,840,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MEAR. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter valued at approximately $29,000. Centennial Bank AR bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the third quarter worth $31,000. AE Wealth Management LLC grew its holdings in iShares Short Maturity Municipal Bond Active ETF by 141.1% during the third quarter. AE Wealth Management LLC now owns 687 shares of the company’s stock worth $35,000 after buying an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter valued at $120,000. Finally, Mather Group LLC. purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at $133,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of BATS:MEAR opened at $50.26 on Friday. The stock’s fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $50.41. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $49.44 and a 1-year high of $50.79.

iShares Short Maturity Municipal Bond Active ETF 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.