iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Hits New 1-Year High – Here’s Why

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $50.22 and last traded at $50.19, with a volume of 83300 shares. The stock had previously closed at $50.21.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The company’s 50 day moving average is $50.19 and its 200-day moving average is $50.17.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1401 per share. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

Several institutional investors have recently modified their holdings of MEAR. Evernest Financial Advisors LLC grew its holdings in iShares Short Maturity Municipal Bond Active ETF by 2.0% during the third quarter. Evernest Financial Advisors LLC now owns 14,527 shares of the company’s stock valued at $731,000 after purchasing an additional 282 shares during the period. Global Retirement Partners LLC lifted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 5.7% during the 3rd quarter. Global Retirement Partners LLC now owns 17,259 shares of the company’s stock valued at $868,000 after buying an additional 935 shares during the last quarter. Donaldson Capital Management LLC grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 56.9% during the 3rd quarter. Donaldson Capital Management LLC now owns 39,990 shares of the company’s stock worth $2,012,000 after acquiring an additional 14,500 shares during the period. 1900 Wealth Management LLC lifted its holdings in iShares Short Maturity Municipal Bond Active ETF by 96.4% during the third quarter. 1900 Wealth Management LLC now owns 62,287 shares of the company’s stock valued at $3,122,000 after purchasing an additional 30,575 shares during the last quarter. Finally, Sigma Planning Corp boosted its position in iShares Short Maturity Municipal Bond Active ETF by 8.0% during the third quarter. Sigma Planning Corp now owns 61,530 shares of the company’s stock worth $3,096,000 after purchasing an additional 4,564 shares during the period.

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.