iShares Short Duration Bond Active ETF (BATS:NEAR) Sets New 12-Month High – Here’s Why

iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.62 and last traded at $50.61, with a volume of 262329 shares trading hands. The stock had previously closed at $50.57.

iShares Short Duration Bond Active ETF Stock Performance

The firm’s 50-day moving average price is $50.90 and its 200 day moving average price is $50.64.

iShares Short Duration Bond Active ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.2099 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NEAR. Westside Investment Management Inc. boosted its position in shares of iShares Short Duration Bond Active ETF by 4.5% during the second quarter. Westside Investment Management Inc. now owns 30,200 shares of the company’s stock worth $1,521,000 after purchasing an additional 1,300 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its stake in iShares Short Duration Bond Active ETF by 9.9% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 71,020 shares of the company’s stock worth $3,574,000 after buying an additional 6,418 shares during the period. Bank of New York Mellon Corp lifted its holdings in iShares Short Duration Bond Active ETF by 10.6% during the second quarter. Bank of New York Mellon Corp now owns 10,762 shares of the company’s stock worth $542,000 after acquiring an additional 1,032 shares in the last quarter. Spinnaker Trust grew its stake in iShares Short Duration Bond Active ETF by 47.6% in the second quarter. Spinnaker Trust now owns 34,787 shares of the company’s stock valued at $1,751,000 after acquiring an additional 11,211 shares during the period. Finally, One Capital Management LLC increased its holdings in shares of iShares Short Duration Bond Active ETF by 468.9% in the second quarter. One Capital Management LLC now owns 24,120 shares of the company’s stock worth $1,214,000 after acquiring an additional 19,880 shares in the last quarter.

iShares Short Duration Bond Active ETF Company Profile

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.