iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 1-Year Low – Should You Sell?

Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) reached a new 52-week low during trading on Tuesday . The stock traded as low as $49.87 and last traded at $49.8950, with a volume of 167437 shares changing hands. The stock had previously closed at $49.93.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.2%

The business’s 50 day simple moving average is $50.13 and its 200 day simple moving average is $50.24.

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

Large investors have recently bought and sold shares of the company. Rockwood Wealth Management LLC increased its position in iShares Short Maturity Municipal Bond Active ETF by 3.9% during the 1st quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock worth $114,595,000 after purchasing an additional 85,260 shares during the period. Resonant Capital Advisors LLC lifted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after purchasing an additional 293,492 shares during the period. Bank of America Corp DE boosted its holdings in iShares Short Maturity Municipal Bond Active ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock worth $71,426,000 after buying an additional 245,078 shares in the last quarter. Foster Group Inc. increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 3.8% in the second quarter. Foster Group Inc. now owns 612,466 shares of the company’s stock valued at $30,856,000 after buying an additional 22,590 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 4.3% during the 1st quarter. Cetera Investment Advisers now owns 506,011 shares of the company’s stock valued at $25,473,000 after acquiring an additional 20,709 shares during the period.

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.