iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 52-Week Low – Should You Sell?

iShares Short Duration Bond Active ETF (BATS:NEAR)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $50.06 and last traded at $50.0650, with a volume of 584079 shares trading hands. The stock had previously closed at $50.11.

iShares Short Duration Bond Active ETF Trading Down 0.1%

The stock has a fifty day simple moving average of $50.42 and a 200-day simple moving average of $50.61.

Hedge Funds Weigh In On iShares Short Duration Bond Active ETF

Institutional investors have recently added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp lifted its holdings in iShares Short Duration Bond Active ETF by 20.2% in the fourth quarter. Peapack Gladstone Financial Corp now owns 287,335 shares of the company’s stock valued at $14,683,000 after buying an additional 48,277 shares during the period. OakTrust Wealth Advisors LLC acquired a new position in shares of iShares Short Duration Bond Active ETF in the 4th quarter valued at $7,187,000. Clearwater Capital Advisors LLC boosted its position in shares of iShares Short Duration Bond Active ETF by 4.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,924,871 shares of the company’s stock worth $149,461,000 after purchasing an additional 120,936 shares during the last quarter. Prospera Financial Services Inc grew its stake in shares of iShares Short Duration Bond Active ETF by 39.3% during the fourth quarter. Prospera Financial Services Inc now owns 55,892 shares of the company’s stock worth $2,856,000 after purchasing an additional 15,769 shares during the period. Finally, Brooks Moore & Associates Inc. grew its stake in shares of iShares Short Duration Bond Active ETF by 175.7% during the fourth quarter. Brooks Moore & Associates Inc. now owns 43,903 shares of the company’s stock worth $2,243,000 after purchasing an additional 27,978 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.