iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 1-Year Low – Time to Sell?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $49.90 and last traded at $49.95, with a volume of 7439 shares trading hands. The stock had previously closed at $49.93.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The company’s fifty day moving average price is $50.17 and its two-hundred day moving average price is $50.27.

Institutional Investors Weigh In On iShares Short Maturity Municipal Bond Active ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MEAR. Centennial Bank AR boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 183.6% in the fourth quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock worth $87,000 after purchasing an additional 1,120 shares in the last quarter. Blueline Advisors LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the fourth quarter valued at $116,000. Friedenthal Financial bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the first quarter valued at about $134,000. BDFS Capital LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the fourth quarter valued at about $213,000. Finally, Valmark Advisers Inc. acquired a new position in iShares Short Maturity Municipal Bond Active ETF during the 1st quarter worth about $235,000.

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.