iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 12-Month Low – Here’s What Happened

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)’s stock price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $49.58 and last traded at $49.63, with a volume of 2866 shares traded. The stock had previously closed at $49.66.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The company has a 50-day moving average of $50.11 and a 200-day moving average of $50.23.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Rockwood Wealth Management LLC grew its holdings in iShares Short Maturity Municipal Bond Active ETF by 3.9% in the first quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock valued at $114,595,000 after purchasing an additional 85,260 shares during the last quarter. Resonant Capital Advisors LLC grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the first 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 period. Bank of America Corp DE increased its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 20.9% during the 1st quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock valued at $71,426,000 after acquiring an additional 245,078 shares during the last quarter. Foster Group Inc. raised its stake in iShares Short Maturity Municipal Bond Active ETF by 3.8% during the second quarter. Foster Group Inc. now owns 612,466 shares of the company’s stock worth $30,856,000 after purchasing an additional 22,590 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 4.3% in the 1st quarter. Cetera Investment Advisers now owns 506,011 shares of the company’s stock valued at $25,473,000 after purchasing an additional 20,709 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.