iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 12-Month High – What’s Next?

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $50.85 and last traded at $50.67, with a volume of 280959 shares traded. The stock had previously closed at $50.84.

iShares Short Duration Bond Active ETF Price Performance

The stock has a 50 day moving average of $50.83 and a 200-day moving average of $50.67.

Hedge Funds Weigh In On iShares Short Duration Bond Active ETF

A number of institutional investors have recently modified their holdings of the stock. LPL Financial LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 6.6% during the 3rd quarter. LPL Financial LLC now owns 2,050,644 shares of the company’s stock valued at $105,075,000 after buying an additional 127,069 shares during the last quarter. Donaldson Capital Management LLC raised its stake in shares of iShares Short Duration Bond Active ETF by 7.0% during the 3rd quarter. Donaldson Capital Management LLC now owns 625,024 shares of the company’s stock valued at $32,026,000 after buying an additional 40,738 shares during the last quarter. Bank of Montreal Can raised its stake in shares of iShares Short Duration Bond Active ETF by 33.7% during the 3rd quarter. Bank of Montreal Can now owns 485,560 shares of the company’s stock valued at $24,904,000 after buying an additional 122,308 shares during the last quarter. Alexander Randolph Advisory Inc. grew its position in shares of iShares Short Duration Bond Active ETF by 12.8% during the 3rd quarter. Alexander Randolph Advisory Inc. now owns 272,341 shares of the company’s stock valued at $13,955,000 after acquiring an additional 30,928 shares during the period. Finally, HighTower Advisors LLC grew its position in shares of iShares Short Duration Bond Active ETF by 9.4% during the 3rd quarter. HighTower Advisors LLC now owns 233,075 shares of the company’s stock valued at $11,942,000 after acquiring an additional 19,982 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.