iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 1-Year Low – What’s Next?

iShares Short Duration Bond Active ETF (BATS:NEAR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $50.45 and last traded at $50.46, with a volume of 99459 shares. The stock had previously closed at $50.51.

iShares Short Duration Bond Active ETF Price Performance

The business’s fifty day simple moving average is $50.64 and its 200 day simple moving average is $50.89.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Peapack Gladstone Financial Corp grew its position in shares of iShares Short Duration Bond Active ETF by 142.1% during the second quarter. Peapack Gladstone Financial Corp now owns 185,057 shares of the company’s stock worth $9,456,000 after buying an additional 108,608 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of iShares Short Duration Bond Active ETF in the 2nd quarter worth about $500,000. Ausdal Financial Partners Inc. bought a new stake in shares of iShares Short Duration Bond Active ETF in the 2nd quarter worth about $278,000. Jane Street Group LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 205.6% in the 2nd quarter. Jane Street Group LLC now owns 45,100 shares of the company’s stock valued at $2,305,000 after purchasing an additional 30,340 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Short Duration Bond Active ETF by 22.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 918,189 shares of the company’s stock valued at $46,891,000 after purchasing an additional 167,210 shares in the last quarter.

About iShares Short Duration Bond Active ETF

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.