Shum Financial Group Inc. Acquires Shares of 6,650 iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Shum Financial Group Inc. bought a new stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 6,650 shares of the company’s stock, valued at approximately $333,000. Shum Financial Group Inc. owned approximately 0.05% of iShares Short Maturity Municipal Bond Active ETF at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Resonant Capital Advisors LLC increased its stake in iShares Short Maturity Municipal Bond Active ETF by 30.3% during the third quarter. Resonant Capital Advisors LLC now owns 1,121,077 shares of the company’s stock worth $56,407,000 after acquiring an additional 260,890 shares during the last quarter. Rockwood Wealth Management LLC grew its stake in iShares Short Maturity Municipal Bond Active ETF by 8.6% during the 3rd quarter. Rockwood Wealth Management LLC now owns 951,988 shares of the company’s stock worth $47,899,000 after purchasing an additional 75,243 shares in the last quarter. Stephens Inc. AR grew its stake in iShares Short Maturity Municipal Bond Active ETF by 4.8% during the 3rd quarter. Stephens Inc. AR now owns 391,345 shares of the company’s stock worth $19,691,000 after purchasing an additional 17,804 shares in the last quarter. Ullmann Wealth Partners Group LLC grew its stake in iShares Short Maturity Municipal Bond Active ETF by 4.8% during the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 337,663 shares of the company’s stock worth $16,990,000 after purchasing an additional 15,505 shares in the last quarter. Finally, Portfolio Design Labs LLC grew its stake in iShares Short Maturity Municipal Bond Active ETF by 171.0% during the 3rd quarter. Portfolio Design Labs LLC now owns 220,723 shares of the company’s stock worth $11,106,000 after purchasing an additional 139,268 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.0 %

BATS MEAR traded down $0.02 during trading on Tuesday, reaching $50.19. 83,400 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $50.19 and a two-hundred day moving average price of $50.17. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $49.62 and a 1 year high of $50.17.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

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