iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.04 and last traded at $50.04, with a volume of 892 shares trading hands. The stock had previously closed at $50.23.
iShares Short Maturity Municipal Bond Active ETF Stock Performance
The firm has a 50-day moving average price of $50.24 and a 200-day moving average price of $50.31.
Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF
Several institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the second quarter worth about $29,000. Centennial Bank AR grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 183.6% during the 4th quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock valued at $87,000 after acquiring an additional 1,120 shares during the period. Blueline Advisors LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 4th quarter valued at approximately $116,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter worth approximately $120,000. Finally, Friedenthal Financial purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the 1st quarter worth approximately $134,000.
About iShares Short Maturity Municipal Bond Active ETF
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.
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