iShares Short Maturity Municipal Bond Active ETF $MEAR Position Lowered by Royal Bank of Canada

Royal Bank of Canada trimmed its position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 12.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 159,913 shares of the company’s stock after selling 22,327 shares during the period. Royal Bank of Canada owned 0.71% of iShares Short Maturity Municipal Bond Active ETF worth $8,050,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MEAR. Northwestern Mutual Wealth Management Co. bought a new position in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter worth approximately $120,000. NewEdge Advisors LLC lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 7.3% during the second quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock worth $6,474,000 after purchasing an additional 8,740 shares during the last quarter. Jane Street Group LLC lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 468.5% during the second quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock worth $6,587,000 after purchasing an additional 107,993 shares during the last quarter. Bank of America Corp DE boosted its holdings in iShares Short Maturity Municipal Bond Active ETF by 21.4% in the second quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock worth $57,799,000 after purchasing an additional 202,654 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in iShares Short Maturity Municipal Bond Active ETF by 34.6% in the second quarter. Benjamin Edwards Inc. now owns 9,134 shares of the company’s stock worth $459,000 after purchasing an additional 2,346 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of BATS:MEAR opened at $50.18 on Tuesday. The company’s fifty day moving average is $50.26 and its two-hundred day moving average is $50.34. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $50.10 and a 1-year high of $50.79.

iShares Short Maturity Municipal Bond Active ETF Profile

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.