Webster Bank N. A. Decreases Holdings in iShares Short Maturity Municipal Bond Active ETF $MEAR

Webster Bank N. A. lowered its position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 41.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,016 shares of the company’s stock after selling 10,000 shares during the period. Webster Bank N. A. owned approximately 0.06% of iShares Short Maturity Municipal Bond Active ETF worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MEAR. Royal Bank of Canada increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 206.1% in the first quarter. Royal Bank of Canada now owns 107,035 shares of the company’s stock valued at $5,378,000 after buying an additional 72,073 shares in the last quarter. Modern Wealth Management LLC lifted its holdings in iShares Short Maturity Municipal Bond Active ETF by 14.2% in the 1st quarter. Modern Wealth Management LLC now owns 92,037 shares of the company’s stock valued at $4,624,000 after purchasing an additional 11,419 shares in the last quarter. Optima Capital LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the 1st quarter worth about $409,000. Richard P Slaughter Associates Inc boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 67.8% during the 2nd quarter. Richard P Slaughter Associates Inc now owns 83,507 shares of the company’s stock worth $4,198,000 after purchasing an additional 33,746 shares during the last quarter. Finally, Sovran Advisors LLC purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the second quarter worth about $3,856,000.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of MEAR opened at $50.37 on Friday. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $49.44 and a 1 year high of $50.51. The company’s 50 day simple moving average is $50.34 and its 200 day simple moving average is $50.37.

iShares Short Maturity Municipal Bond Active ETF Company 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.