iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 52-Week Low – Should You Sell?

iShares Short Duration Bond Active ETF (BATS:NEAR) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $50.58 and last traded at $50.59, with a volume of 19116 shares trading hands. The stock had previously closed at $50.61.

iShares Short Duration Bond Active ETF Price Performance

The firm has a 50-day simple moving average of $50.79 and a two-hundred day simple moving average of $51.03.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Short Duration Bond Active ETF by 2,461.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock valued at $195,867,000 after purchasing an additional 3,683,358 shares in the last quarter. Axxcess Wealth Management LLC boosted its holdings in iShares Short Duration Bond Active ETF by 269.2% in the fourth quarter. Axxcess Wealth Management LLC now owns 715,788 shares of the company’s stock worth $36,577,000 after purchasing an additional 521,925 shares in the last quarter. Corient Private Wealth LLC acquired a new position in iShares Short Duration Bond Active ETF during the second quarter worth $15,660,000. Bank of America Corp DE raised its holdings in iShares Short Duration Bond Active ETF by 8.8% during the second quarter. Bank of America Corp DE now owns 3,503,322 shares of the company’s stock valued at $179,020,000 after buying an additional 284,084 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of iShares Short Duration Bond Active ETF by 19.6% during the 4th quarter. UBS Group AG now owns 1,613,264 shares of the company’s stock worth $82,438,000 after acquiring an additional 264,887 shares in 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.