iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 52-Week High – Time to Buy?

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week high on Friday . The stock traded as high as $51.37 and last traded at $51.3450, with a volume of 2127409 shares traded. The stock had previously closed at $51.30.

iShares Short Duration Bond Active ETF Price Performance

The stock has a 50-day simple moving average of $51.16 and a 200-day simple moving average of $51.19.

Institutional Trading of iShares Short Duration Bond Active ETF

A number of hedge funds have recently added to or reduced their stakes in NEAR. Investment Advisory Group LLC increased its holdings in shares of iShares Short Duration Bond Active ETF by 1.1% during the fourth quarter. Investment Advisory Group LLC now owns 18,053 shares of the company’s stock worth $923,000 after buying an additional 200 shares in the last quarter. AE Wealth Management LLC grew its position in iShares Short Duration Bond Active ETF by 27.1% during the 2nd quarter. AE Wealth Management LLC now owns 1,023 shares of the company’s stock worth $52,000 after acquiring an additional 218 shares during the last quarter. Capital Investment Advisory Services LLC increased its holdings in iShares Short Duration Bond Active ETF by 7.4% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 3,178 shares of the company’s stock worth $163,000 after purchasing an additional 220 shares in the last quarter. Fortis Advisors LLC raised its position in iShares Short Duration Bond Active ETF by 1.6% in the fourth quarter. Fortis Advisors LLC now owns 14,489 shares of the company’s stock valued at $740,000 after purchasing an additional 226 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its position in iShares Short Duration Bond Active ETF by 11.2% in the fourth quarter. Geneos Wealth Management Inc. now owns 2,293 shares of the company’s stock valued at $117,000 after purchasing an additional 231 shares during the last quarter.

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.