iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 12-Month Low – Here’s What Happened

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $50.10 and last traded at $50.13, with a volume of 26321 shares changing hands. The stock had previously closed at $50.23.

iShares Short Maturity Municipal Bond Active ETF Stock Up 0.1%

The firm’s 50 day simple moving average is $50.27 and its 200 day simple moving average is $50.35.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in iShares Short Maturity Municipal Bond Active ETF by 725.3% in the 1st quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock valued at $21,588,000 after acquiring an additional 376,871 shares during the period. Captrust Financial Advisors grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 105.8% in the second quarter. Captrust Financial Advisors now owns 584,589 shares of the company’s stock worth $29,387,000 after purchasing an additional 300,537 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock worth $83,902,000 after purchasing an additional 293,492 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 138.2% in the fourth quarter. Cetera Investment Advisers now owns 485,302 shares of the company’s stock worth $24,420,000 after purchasing an additional 281,524 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 20.9% during the first quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock valued at $71,426,000 after purchasing an additional 245,078 shares during the period.

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.