iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 1-Year Low – Should You Sell?

Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $49.87 and last traded at $49.8950, with a volume of 167437 shares trading hands. The stock had previously closed at $49.93.

iShares Short Maturity Municipal Bond Active ETF Trading Down 0.1%

The business has a fifty day moving average price of $50.14 and a 200-day moving average price of $50.25.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MEAR. Proficio Capital Partners LLC purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the second quarter valued at about $25,253,000. Bank of New York Mellon Corp grew its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 725.3% during the first quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock valued at $21,588,000 after buying an additional 376,871 shares during the last quarter. Resonant Capital Advisors LLC grew its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after purchasing an additional 293,492 shares during the last quarter. Bank of America Corp DE increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock worth $71,426,000 after buying an additional 245,078 shares during the period. Finally, Nwam LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter worth $9,299,000.

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.