Tortoise Investment Management LLC Makes New $844,000 Investment in iShares Short Maturity Municipal Bond Active ETF $MEAR

Tortoise Investment Management LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) in the 3rd quarter, Holdings Channel reports. The fund acquired 17,000 shares of the company’s stock, valued at approximately $844,000.

Several other large investors also recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of 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 purchasing an additional 245,078 shares in the last quarter. Foster Group Inc. acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at about $30,922,000. Cetera Investment Advisers grew its stake in 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 worth $25,473,000 after buying an additional 20,709 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter worth approximately $25,253,000. Finally, Ullmann Wealth Partners Group LLC purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $23,798,000.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.2%

MEAR opened at $49.99 on Friday. The business’s 50 day moving average is $49.88 and its two-hundred day moving average is $50.21. iShares Short Maturity Municipal Bond Active ETF has a 52 week low of $49.48 and a 52 week high of $50.79.

iShares Short Maturity Municipal Bond Active ETF 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.