iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 1-Year Low – Here’s What Happened

iShares Short Maturity Municipal Bond Active ETF (BATS:MEARGet Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $49.90 and last traded at $49.95, with a volume of 7439 shares changing hands. The stock had previously closed at $49.93.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The firm has a fifty day simple moving average of $50.18 and a two-hundred day simple moving average of $50.28.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

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

About iShares Short Maturity Municipal Bond Active ETF

(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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