Cornerstone Financial Management LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,612 shares of the company’s stock, valued at approximately $1,138,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in iShares Short Maturity Municipal Bond Active ETF during the second quarter worth $29,000. Centennial Bank AR bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at $31,000. Blueline Advisors LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the 4th quarter valued at $116,000. Northwestern Mutual Wealth Management Co. bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter valued at $120,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the 4th quarter valued at $196,000.
iShares Short Maturity Municipal Bond Active ETF Price Performance
Shares of iShares Short Maturity Municipal Bond Active ETF stock opened at $50.26 on Friday. The company’s fifty day moving average price is $50.28 and its two-hundred day moving average price is $50.36. iShares Short Maturity Municipal Bond Active ETF has a 52-week low of $50.12 and a 52-week 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.
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