iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 52-Week High – Here’s Why

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

iShares Short Maturity Municipal Bond Active ETF Price Performance

The business’s 50 day moving average is $50.20 and its 200 day moving average is $50.16.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Stockholders 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

Institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter worth $33,000. Concurrent Investment Advisors LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter worth $201,000. CFS Investment Advisory Services LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 8.7% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 5,431 shares of the company’s stock worth $273,000 after acquiring an additional 436 shares in the last quarter. Shum Financial Group Inc. purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter worth $333,000. Finally, Milestone Investment Advisors LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 132.8% in the 3rd quarter. Milestone Investment Advisors LLC now owns 6,992 shares of the company’s stock worth $352,000 after acquiring an additional 3,989 shares in the last quarter.

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.