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

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $50.22 and last traded at $50.20, with a volume of 107074 shares traded. The stock had previously closed at $50.19.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The business’s fifty day moving average is $50.20 and its two-hundred day moving average is $50.16.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid 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 hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the third quarter worth $33,000. Concurrent Investment Advisors LLC purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth $201,000. CFS Investment Advisory Services LLC lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 8.7% in the third quarter. CFS Investment Advisory Services LLC now owns 5,431 shares of the company’s stock worth $273,000 after acquiring an additional 436 shares during the period. Shum Financial Group Inc. purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter worth approximately $333,000. Finally, Milestone Investment Advisors LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 132.8% during the third quarter. Milestone Investment Advisors LLC now owns 6,992 shares of the company’s stock valued at $352,000 after buying an additional 3,989 shares during the period.

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.