iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 12-Month High – Time to Buy?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) shares hit a new 52-week high on Monday . The company traded as high as $50.25 and last traded at $50.19, with a volume of 33194 shares changing hands. The stock had previously closed at $50.21.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The company has a 50-day simple moving average of $50.25 and a 200-day simple moving average of $50.14.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.1401 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares Short Maturity Municipal Bond Active ETF

Several institutional investors have recently made changes to their positions in MEAR. Evernest Financial Advisors LLC lifted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 2.0% in the third quarter. Evernest Financial Advisors LLC now owns 14,527 shares of the company’s stock valued at $731,000 after purchasing an additional 282 shares during the period. Resonant Capital Advisors LLC boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 30.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,121,077 shares of the company’s stock worth $56,407,000 after acquiring an additional 260,890 shares in the last quarter. Rockwood Wealth Management LLC boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 8.6% during the 3rd quarter. Rockwood Wealth Management LLC now owns 951,988 shares of the company’s stock worth $47,899,000 after acquiring an additional 75,243 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 5.7% in the 3rd quarter. Global Retirement Partners LLC now owns 17,259 shares of the company’s stock worth $868,000 after acquiring an additional 935 shares during the period. Finally, Ullmann Wealth Partners Group LLC increased its stake in iShares Short Maturity Municipal Bond Active ETF by 4.8% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 337,663 shares of the company’s stock valued at $16,990,000 after purchasing an additional 15,505 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Company Profile

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.