BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Reaches New 1-Year High at $50.26

BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.26 and last traded at $50.26, with a volume of 57414 shares trading hands. The stock had previously closed at $50.27.

BlackRock Short Maturity Municipal Bond ETF Price Performance

The company has a 50-day moving average of $50.20 and a 200-day moving average of $50.11.

BlackRock Short Maturity Municipal Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On BlackRock Short Maturity Municipal Bond ETF

A number of large investors have recently bought and sold shares of the company. Arden Trust Co boosted its position in BlackRock Short Maturity Municipal Bond ETF by 5.2% during the 1st quarter. Arden Trust Co now owns 36,843 shares of the company’s stock worth $1,847,000 after acquiring an additional 1,828 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in BlackRock Short Maturity Municipal Bond ETF by 34.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,733 shares of the company’s stock worth $538,000 after acquiring an additional 2,743 shares during the last quarter. VERITY Wealth Advisors boosted its position in BlackRock Short Maturity Municipal Bond ETF by 53.6% during the 1st quarter. VERITY Wealth Advisors now owns 15,421 shares of the company’s stock worth $773,000 after acquiring an additional 5,383 shares during the last quarter. Finally, Hirtle Callaghan & Co LLC acquired a new position in BlackRock Short Maturity Municipal Bond ETF during the 4th quarter worth approximately $356,000.

About BlackRock Short Maturity Municipal Bond 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.