Kestra Investment Management LLC Sells 78,459 Shares of iShares Short Maturity Municipal Bond Active ETF $MEAR

Kestra Investment Management LLC trimmed its holdings in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 16.6% in the 4th quarter, HoldingsChannel reports. The firm owned 393,836 shares of the company’s stock after selling 78,459 shares during the quarter. Kestra Investment Management LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $19,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MEAR. Newbridge Financial Services Group Inc. bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at approximately $29,000. Centennial Bank AR bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the third quarter worth $31,000. AE Wealth Management LLC lifted its position in iShares Short Maturity Municipal Bond Active ETF by 141.1% in the third quarter. AE Wealth Management LLC now owns 687 shares of the company’s stock worth $35,000 after buying an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the second quarter worth $120,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF in the fourth quarter worth $237,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of MEAR opened at $50.26 on Tuesday. The business has a fifty day moving average of $50.30 and a 200 day moving average of $50.37. iShares Short Maturity Municipal Bond Active ETF has a 52-week low of $50.03 and a 52-week high of $50.79.

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.