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

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s stock price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $50.12 and last traded at $50.12, with a volume of 49958 shares. The stock had previously closed at $50.21.

iShares Short Maturity Municipal Bond Active ETF Trading Down 0.1%

The business has a 50-day moving average price of $50.28 and a 200 day moving average price of $50.36.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

A number of institutional investors and hedge funds have recently made changes to their positions in MEAR. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 19.1% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 66,211 shares of the company’s stock valued at $3,332,000 after buying an additional 10,626 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Short Maturity Municipal Bond Active ETF by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 331,557 shares of the company’s stock valued at $16,747,000 after acquiring an additional 41,148 shares during the period. UBS Group AG grew its position in iShares Short Maturity Municipal Bond Active ETF by 26.4% in the 4th quarter. UBS Group AG now owns 166,354 shares of the company’s stock valued at $8,371,000 after acquiring an additional 34,745 shares during the last quarter. Cresta Advisors Ltd. bought a new position in iShares Short Maturity Municipal Bond Active ETF in the 4th quarter valued at $2,471,000. Finally, MMA Asset Management LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the fourth quarter worth $1,211,000.

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.