Smart Money Group LLC lifted its position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR – Free Report) by 16.5% in the first quarter, Holdings Channel reports. The firm owned 158,802 shares of the company’s stock after buying an additional 22,540 shares during the period. iShares Short Maturity Municipal Bond Active ETF accounts for 2.3% of Smart Money Group LLC’s investment portfolio, making the stock its 4th largest holding. Smart Money Group LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $7,994,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of MEAR. Newbridge Financial Services Group Inc. bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at $29,000. Centennial Bank AR grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 183.6% during the 4th quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock worth $87,000 after buying an additional 1,120 shares in the last quarter. Blueline Advisors LLC purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the fourth quarter valued at $116,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the second quarter valued at $120,000. Finally, Friedenthal Financial bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the first quarter valued at about $134,000.
iShares Short Maturity Municipal Bond Active ETF Stock Performance
MEAR stock opened at $50.23 on Friday. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $50.12 and a 1-year high of $50.79. The business has a 50-day moving average price of $50.28 and a 200 day moving average price of $50.36.
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.
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Want to see what other hedge funds are holding MEAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR – Free Report).
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