Keystone Financial Group Inc. Purchases Shares of 35,671 iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Keystone Financial Group Inc. acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) during the fourth quarter, Holdings Channel reports. The fund acquired 35,671 shares of the company’s stock, valued at approximately $1,782,000. iShares Short Maturity Municipal Bond Active ETF accounts for approximately 1.4% of Keystone Financial Group Inc.’s portfolio, making the stock its 15th largest holding.

Other large investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC acquired a new position in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $33,000. Capital Investment Advisory Services LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 41.1% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,990 shares of the company’s stock valued at $99,000 after acquiring an additional 580 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the third quarter worth approximately $201,000. Valley National Advisers Inc. raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 39.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,147 shares of the company’s stock worth $257,000 after purchasing an additional 1,467 shares during the period. Finally, Client 1ST Advisory Group LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the 4th quarter worth $271,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of MEAR stock opened at $50.16 on Friday. The firm has a fifty day simple moving average of $50.08 and a two-hundred day simple moving average of $50.16. iShares Short Maturity Municipal Bond Active ETF has a 12 month low of $49.62 and a 12 month high of $50.17.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.1256 per share. The ex-dividend date of this dividend was Monday, February 3rd.

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.