iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 12-Month High – What’s Next?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $50.19 and last traded at $50.15, with a volume of 182774 shares. The stock had previously closed at $50.08.

iShares Short Maturity Municipal Bond Active ETF Trading Up 0.1 %

The firm’s 50 day simple moving average is $50.20 and its 200-day simple moving average is $50.16.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1401 per share. The ex-dividend date was Tuesday, September 3rd.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in MEAR. Aptus Capital Advisors LLC purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the third quarter worth about $33,000. Concurrent Investment Advisors LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $201,000. CFS Investment Advisory Services LLC lifted its position in iShares Short Maturity Municipal Bond Active ETF by 8.7% in the third quarter. CFS Investment Advisory Services LLC now owns 5,431 shares of the company’s stock valued at $273,000 after purchasing an additional 436 shares during the period. Shum Financial Group Inc. acquired a new stake in iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $333,000. Finally, Milestone Investment Advisors LLC lifted its position in iShares Short Maturity Municipal Bond Active ETF by 132.8% in the third quarter. Milestone Investment Advisors LLC now owns 6,992 shares of the company’s stock valued at $352,000 after purchasing an additional 3,989 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.