Savant Capital LLC Purchases New Position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Savant Capital LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 192,150 shares of the company’s stock, valued at approximately $9,598,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MEAR. Aptus Capital Advisors LLC acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $33,000. Capital Investment Advisory Services LLC grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 41.1% during the 4th quarter. Capital Investment Advisory Services LLC now owns 1,990 shares of the company’s stock worth $99,000 after purchasing 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 3rd quarter worth approximately $201,000. Valley National Advisers Inc. grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 39.9% during the 4th 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 in the last quarter. Finally, Client 1ST Advisory Group LLC acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 4th quarter worth approximately $271,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of BATS:MEAR opened at $50.18 on Tuesday. The company’s 50 day moving average price is $50.07 and its two-hundred day moving average price is $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. Shareholders 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.

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.