iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 12-Month High – Should You Buy?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.19 and last traded at $50.18, with a volume of 148421 shares trading hands. The stock had previously closed at $50.19.

iShares Short Maturity Municipal Bond Active ETF Trading Down 0.0 %

The company has a 50 day simple moving average of $50.17 and a 200-day simple moving average of $50.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Resonant Capital Advisors LLC raised its stake in iShares Short Maturity Municipal Bond Active ETF by 30.3% during the third quarter. Resonant Capital Advisors LLC now owns 1,121,077 shares of the company’s stock worth $56,407,000 after acquiring an additional 260,890 shares during the period. Rockwood Wealth Management LLC raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 8.6% during the 3rd quarter. Rockwood Wealth Management LLC now owns 951,988 shares of the company’s stock worth $47,899,000 after purchasing an additional 75,243 shares during the period. Stephens Inc. AR lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 4.8% in the 3rd quarter. Stephens Inc. AR now owns 391,345 shares of the company’s stock worth $19,691,000 after purchasing an additional 17,804 shares during the last quarter. Ullmann Wealth Partners Group LLC boosted its position in iShares Short Maturity Municipal Bond Active ETF by 4.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 337,663 shares of the company’s stock valued at $16,990,000 after purchasing an additional 15,505 shares during the period. Finally, Kestra Investment Management LLC grew its stake in iShares Short Maturity Municipal Bond Active ETF by 29.9% during the 3rd quarter. Kestra Investment Management LLC now owns 242,807 shares of the company’s stock worth $12,217,000 after buying an additional 55,906 shares during the last quarter.

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.