iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 52-Week Low – Here’s Why

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week low during trading on Tuesday . The company traded as low as $50.06 and last traded at $50.0650, with a volume of 584079 shares. The stock had previously closed at $50.11.

iShares Short Duration Bond Active ETF Stock Performance

The firm has a 50 day moving average price of $50.40 and a two-hundred day moving average price of $50.59.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

Several hedge funds and other institutional investors have recently bought and sold shares of NEAR. NewEdge Advisors LLC grew its holdings in iShares Short Duration Bond Active ETF by 94.9% during the 1st quarter. NewEdge Advisors LLC now owns 914,401 shares of the company’s stock worth $46,484,000 after acquiring an additional 445,163 shares in the last quarter. Clearwater Capital Advisors LLC raised its stake in iShares Short Duration Bond Active ETF by 6.6% during the first quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock valued at $158,493,000 after buying an additional 192,930 shares in the last quarter. Proficio Capital Partners LLC grew its position in shares of iShares Short Duration Bond Active ETF by 71.4% in the 2nd quarter. Proficio Capital Partners LLC now owns 425,995 shares of the company’s stock worth $22,196,000 after acquiring an additional 177,400 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of iShares Short Duration Bond Active ETF by 26.9% in the 1st quarter. Royal Bank of Canada now owns 723,098 shares of the company’s stock valued at $36,759,000 after acquiring an additional 153,429 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of iShares Short Duration Bond Active ETF by 11.1% in the 1st quarter. Cetera Investment Advisers now owns 1,413,521 shares of the company’s stock valued at $71,856,000 after acquiring an additional 141,623 shares during the last quarter.

iShares Short Duration Bond Active ETF Company Profile

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.