iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 12-Month Low – Here’s Why

iShares Short Duration Bond Active ETF (BATS:NEAR)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.58 and last traded at $50.59, with a volume of 19116 shares trading hands. The stock had previously closed at $50.61.

iShares Short Duration Bond Active ETF Stock Performance

The stock’s 50 day simple moving average is $50.78 and its 200-day simple moving average is $51.02.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Short Duration Bond Active ETF by 2,461.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock worth $195,867,000 after acquiring an additional 3,683,358 shares during the period. Bank of America Corp DE increased its stake in shares of iShares Short Duration Bond Active ETF by 0.6% in the third quarter. Bank of America Corp DE now owns 3,523,153 shares of the company’s stock worth $180,667,000 after acquiring an additional 19,831 shares during the period. Clearwater Capital Advisors LLC increased its stake in shares of iShares Short Duration Bond Active ETF by 6.6% in the first quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock worth $158,493,000 after acquiring an additional 192,930 shares during the period. UBS Group AG increased its stake in shares of iShares Short Duration Bond Active ETF by 19.6% in the fourth quarter. UBS Group AG now owns 1,613,264 shares of the company’s stock worth $82,438,000 after acquiring an additional 264,887 shares during the period. Finally, Cetera Investment Advisers grew its holdings in iShares Short Duration Bond Active ETF by 11.1% during the first quarter. Cetera Investment Advisers now owns 1,413,521 shares of the company’s stock worth $71,856,000 after acquiring an additional 141,623 shares during the period.

iShares Short Duration Bond Active ETF Company Profile

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.