iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 1-Year Low – Here’s Why

iShares Short Duration Bond Active ETF (BATS:NEAR) shares reached a new 52-week low on Wednesday . The company traded as low as $50.45 and last traded at $50.46, with a volume of 99459 shares changing hands. The stock had previously closed at $50.51.

iShares Short Duration Bond Active ETF Trading Up 0.0%

The firm’s fifty day moving average is $50.63 and its 200-day moving average is $50.88.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Investment Advisory Group LLC boosted its holdings in shares of iShares Short Duration Bond Active ETF by 1.1% in the 4th quarter. Investment Advisory Group LLC now owns 18,053 shares of the company’s stock worth $923,000 after buying an additional 200 shares during the last quarter. Fortis Advisors LLC increased its holdings in iShares Short Duration Bond Active ETF by 1.6% during the fourth quarter. Fortis Advisors LLC now owns 14,489 shares of the company’s stock worth $740,000 after buying an additional 226 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in iShares Short Duration Bond Active ETF by 11.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,293 shares of the company’s stock worth $117,000 after buying an additional 231 shares during the last quarter. Lane Brothers & Co. Inc. raised its position in iShares Short Duration Bond Active ETF by 1.5% in the first quarter. Lane Brothers & Co. Inc. now owns 17,676 shares of the company’s stock worth $899,000 after acquiring an additional 260 shares during the period. Finally, AdvisorNet Financial Inc raised its position in iShares Short Duration Bond Active ETF by 10.5% in the first quarter. AdvisorNet Financial Inc now owns 3,238 shares of the company’s stock worth $165,000 after acquiring an additional 308 shares during the period.

iShares Short Duration Bond Active ETF Company Profile

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.