iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 52-Week High – Time to Buy?

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

iShares Short Maturity Municipal Bond Active ETF Stock Up 0.0 %

The company has a 50 day simple moving average of $50.20 and a 200-day simple moving average of $50.16.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1401 dividend. The ex-dividend date of this dividend 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 modified their holdings of the company. Resonant Capital Advisors LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 30.3% during the third quarter. Resonant Capital Advisors LLC now owns 1,121,077 shares of the company’s stock valued at $56,407,000 after acquiring an additional 260,890 shares in the last quarter. Rockwood Wealth Management LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 8.6% during the third quarter. Rockwood Wealth Management LLC now owns 951,988 shares of the company’s stock valued at $47,899,000 after acquiring an additional 75,243 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 4.8% during the third quarter. Stephens Inc. AR now owns 391,345 shares of the company’s stock valued at $19,691,000 after acquiring an additional 17,804 shares in the last quarter. Ullmann Wealth Partners Group LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 4.8% during the third quarter. Ullmann Wealth Partners Group LLC now owns 337,663 shares of the company’s stock valued at $16,990,000 after acquiring an additional 15,505 shares in the last quarter. Finally, Kestra Investment Management LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 29.9% during the third quarter. Kestra Investment Management LLC now owns 242,807 shares of the company’s stock valued at $12,217,000 after acquiring an additional 55,906 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.