iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 52-Week Low – Time to Sell?

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) reached a new 52-week low on Monday . The stock traded as low as $50.32 and last traded at $50.38, with a volume of 26334 shares traded. The stock had previously closed at $50.55.

iShares Short Duration Bond Active ETF Trading Down 0.3%

The firm has a fifty day simple moving average of $50.56 and a 200-day simple moving average of $50.81.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Peapack Gladstone Financial Corp increased its position in iShares Short Duration Bond Active ETF by 142.1% in the second quarter. Peapack Gladstone Financial Corp now owns 185,057 shares of the company’s stock worth $9,456,000 after purchasing an additional 108,608 shares during the period. Quantinno Capital Management LP acquired a new position in iShares Short Duration Bond Active ETF during the 2nd quarter valued at about $500,000. Ausdal Financial Partners Inc. acquired a new position in iShares Short Duration Bond Active ETF during the 2nd quarter valued at about $278,000. Jane Street Group LLC lifted its position in iShares Short Duration Bond Active ETF by 205.6% during the 2nd quarter. Jane Street Group LLC now owns 45,100 shares of the company’s stock valued at $2,305,000 after purchasing an additional 30,340 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares Short Duration Bond Active ETF by 22.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 918,189 shares of the company’s stock valued at $46,891,000 after purchasing an additional 167,210 shares during the last quarter.

iShares Short Duration Bond Active ETF Company Profile

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.