iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Hits New 52-Week High – Should You Buy?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.29 and last traded at $50.16, with a volume of 134594 shares trading hands. The stock had previously closed at $50.28.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.2 %

The company has a fifty day simple moving average of $50.19 and a 200-day simple moving average of $50.17.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

Several large investors have recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at $33,000. Concurrent Investment Advisors LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth about $201,000. CFS Investment Advisory Services LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 8.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 5,431 shares of the company’s stock worth $273,000 after purchasing an additional 436 shares during the period. Tidal Investments LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth about $332,000. Finally, Shum Financial Group Inc. purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at about $333,000.

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.