BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Hits New 12-Month High at $50.26

BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR)’s stock price reached a new 52-week high on Monday . The stock traded as high as $50.26 and last traded at $50.25, with a volume of 42577 shares trading hands. The stock had previously closed at $50.24.

BlackRock Short Maturity Municipal Bond ETF Stock Performance

The firm’s fifty day moving average price is $50.15 and its two-hundred day moving average price is $50.08.

BlackRock Short Maturity Municipal Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were given a dividend of $0.1434 per share. The ex-dividend date of this dividend was Monday, July 1st.

Institutional Investors Weigh In On BlackRock Short Maturity Municipal Bond ETF

Institutional investors have recently made changes to their positions in the stock. Valley Wealth Managers Inc. lifted its stake in BlackRock Short Maturity Municipal Bond ETF by 31.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 846 shares of the company’s stock worth $42,000 after acquiring an additional 200 shares during the last quarter. Arden Trust Co grew its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 5.2% during the 1st quarter. Arden Trust Co now owns 36,843 shares of the company’s stock worth $1,847,000 after purchasing an additional 1,828 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 34.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,733 shares of the company’s stock worth $538,000 after purchasing an additional 2,743 shares during the period. VERITY Wealth Advisors boosted its position in shares of BlackRock Short Maturity Municipal Bond ETF by 53.6% in the 1st quarter. VERITY Wealth Advisors now owns 15,421 shares of the company’s stock worth $773,000 after buying an additional 5,383 shares in the last quarter. Finally, Hirtle Callaghan & Co LLC purchased a new position in BlackRock Short Maturity Municipal Bond ETF in the 4th quarter valued at about $356,000.

About BlackRock Short Maturity Municipal Bond 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.