iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 52-Week High – Here’s Why

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.18 and last traded at $50.17, with a volume of 104467 shares. The stock had previously closed at $50.14.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.0 %

The firm’s 50 day moving average price is $50.17 and its 200-day moving average price is $50.18.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Webster Bank N. A. boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 39.1% during the third quarter. Webster Bank N. A. now owns 58,640 shares of the company’s stock valued at $2,950,000 after buying an additional 16,494 shares during the last quarter. Elmwood Wealth Management Inc. boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 37.6% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 59,405 shares of the company’s stock valued at $2,989,000 after acquiring an additional 16,240 shares during the last quarter. Ullmann Wealth Partners Group LLC grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 4.8% in the third quarter. Ullmann Wealth Partners Group LLC now owns 337,663 shares of the company’s stock worth $16,990,000 after acquiring an additional 15,505 shares during the period. Global Retirement Partners LLC grew its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 5.7% in the third quarter. Global Retirement Partners LLC now owns 17,259 shares of the company’s stock worth $868,000 after acquiring an additional 935 shares during the period. Finally, Rockwood Wealth Management LLC raised its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 8.6% during the third quarter. Rockwood Wealth Management LLC now owns 951,988 shares of the company’s stock valued at $47,899,000 after purchasing an additional 75,243 shares during the last quarter.

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.