iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 1-Year High – Should You Buy?

iShares Short Duration Bond Active ETF (BATS:NEAR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $50.79 and last traded at $50.73, with a volume of 253572 shares changing hands. The stock had previously closed at $50.71.

iShares Short Duration Bond Active ETF Price Performance

The business has a 50 day simple moving average of $50.74 and a two-hundred day simple moving average of $50.71.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEAR. Financial Avengers Inc. purchased a new position in shares of iShares Short Duration Bond Active ETF during the third quarter worth approximately $26,000. Aptus Capital Advisors LLC bought a new position in iShares Short Duration Bond Active ETF in the third quarter worth approximately $30,000. Capstone Triton Financial Group LLC purchased a new position in iShares Short Duration Bond Active ETF during the 3rd quarter worth $203,000. Ingalls & Snyder LLC bought a new stake in iShares Short Duration Bond Active ETF during the 3rd quarter valued at $205,000. Finally, Private Trust Co. NA lifted its holdings in shares of iShares Short Duration Bond Active ETF by 9.3% in the 3rd quarter. Private Trust Co. NA now owns 4,879 shares of the company’s stock worth $250,000 after buying an additional 417 shares during the period.

About iShares Short Duration Bond Active ETF

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.