iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Hits New 52-Week Low – What’s Next?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) reached a new 52-week low during trading on Thursday . The company traded as low as $50.12 and last traded at $50.12, with a volume of 49958 shares. The stock had previously closed at $50.21.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.1%

The company has a 50 day simple moving average of $50.28 and a two-hundred day simple moving average of $50.36.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 206.1% in the 1st quarter. Royal Bank of Canada now owns 107,035 shares of the company’s stock valued at $5,378,000 after acquiring an additional 72,073 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the second quarter valued at about $120,000. NewEdge Advisors LLC grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 7.3% during the second quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock valued at $6,474,000 after purchasing an additional 8,740 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 468.5% in the second quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock worth $6,587,000 after purchasing an additional 107,993 shares during the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the second quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock worth $57,799,000 after purchasing an additional 202,654 shares during the last quarter.

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.