iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Hits New 52-Week Low – What’s Next?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $50.03 and last traded at $50.06, with a volume of 385902 shares changing hands. The stock had previously closed at $50.08.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The stock has a 50 day moving average of $50.21 and a 200 day moving average of $50.30.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter valued at approximately $25,253,000. Bank of New York Mellon Corp increased its position in iShares Short Maturity Municipal Bond Active ETF by 725.3% during the 1st quarter. Bank of New York Mellon Corp now owns 428,835 shares of the company’s stock worth $21,588,000 after purchasing an additional 376,871 shares in the last quarter. Captrust Financial Advisors lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 105.8% in the 2nd quarter. Captrust Financial Advisors now owns 584,589 shares of the company’s stock valued at $29,387,000 after purchasing an additional 300,537 shares during the last quarter. Resonant Capital Advisors LLC lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% in the 1st quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after purchasing an additional 293,492 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in iShares Short Maturity Municipal Bond Active ETF by 138.2% in the fourth quarter. Cetera Investment Advisers now owns 485,302 shares of the company’s stock valued at $24,420,000 after buying an additional 281,524 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Company 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.