Elmwood Wealth Management Inc. Raises Holdings in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Elmwood Wealth Management Inc. raised its holdings in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 15.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 68,325 shares of the company’s stock after purchasing an additional 8,920 shares during the period. iShares Short Maturity Municipal Bond Active ETF makes up about 1.4% of Elmwood Wealth Management Inc.’s investment portfolio, making the stock its 22nd largest holding. Elmwood Wealth Management Inc. owned 0.55% of iShares Short Maturity Municipal Bond Active ETF worth $3,413,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at $33,000. Concurrent Investment Advisors LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at $201,000. CFS Investment Advisory Services LLC lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 8.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 5,431 shares of the company’s stock valued at $273,000 after buying an additional 436 shares during the period. Tidal Investments LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at $332,000. Finally, Shum Financial Group Inc. bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at $333,000.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of BATS MEAR traded down $0.04 during midday trading on Monday, hitting $49.98. 266,130 shares of the stock traded hands. The firm has a 50-day moving average of $50.10 and a two-hundred day moving average of $50.17. iShares Short Maturity Municipal Bond Active ETF has a one year low of $49.62 and a one year high of $50.17.

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.