Traders Buy Shares of iShares Short Maturity Municipal Bond ETF (MEAR) on Weakness

Investors bought shares of iShares Short Maturity Municipal Bond ETF (BATS:MEAR) on weakness during trading hours on Tuesday. $9.10 million flowed into the stock on the tick-up and $3.74 million flowed out of the stock on the tick-down, for a money net flow of $5.36 million into the stock. Of all companies tracked, iShares Short Maturity Municipal Bond ETF had the 22nd highest net in-flow for the day. iShares Short Maturity Municipal Bond ETF traded down ($0.01) for the day and closed at $49.87

The company also recently disclosed a monthly dividend, which was paid on Friday, October 5th. Investors of record on Tuesday, October 2nd were given a $0.06 dividend. The ex-dividend date was Monday, October 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from iShares Short Maturity Municipal Bond ETF’s previous monthly dividend of $0.06.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allianz Life Insurance Co. of North America acquired a new position in iShares Short Maturity Municipal Bond ETF in the 3rd quarter worth $1,599,000. Elmwood Wealth Management Inc. boosted its stake in iShares Short Maturity Municipal Bond ETF by 5.8% in the 3rd quarter. Elmwood Wealth Management Inc. now owns 28,985 shares of the company’s stock worth $1,448,000 after purchasing an additional 1,600 shares during the period. Clarus Wealth Advisors acquired a new position in iShares Short Maturity Municipal Bond ETF in the 3rd quarter worth $150,000. Mainstay Capital Management LLC ADV acquired a new position in iShares Short Maturity Municipal Bond ETF in the 2nd quarter worth $150,000. Finally, Hilltop Holdings Inc. acquired a new position in iShares Short Maturity Municipal Bond ETF in the 2nd quarter worth $443,000.

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