iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 1-Year High – Here’s Why

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) shares reached a new 52-week high on Monday . The company traded as high as $50.20 and last traded at $50.15, with a volume of 83435 shares traded. The stock had previously closed at $50.18.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The stock’s 50 day moving average price is $50.24 and its 200-day moving average price is $50.15.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1401 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

Institutional investors have recently made changes to their positions in the business. Resonant Capital Advisors LLC lifted its holdings in iShares Short Maturity Municipal Bond Active ETF by 30.3% in the 3rd quarter. Resonant Capital Advisors LLC now owns 1,121,077 shares of the company’s stock worth $56,407,000 after purchasing an additional 260,890 shares in the last quarter. Rockwood Wealth Management LLC raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 8.6% during the third quarter. Rockwood Wealth Management LLC now owns 951,988 shares of the company’s stock valued at $47,899,000 after buying an additional 75,243 shares during the last quarter. Arden Trust Co lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 57.7% in the second quarter. Arden Trust Co now owns 58,085 shares of the company’s stock worth $2,913,000 after buying an additional 21,242 shares in the last quarter. Stephens Inc. AR boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 4.8% during the third quarter. Stephens Inc. AR now owns 391,345 shares of the company’s stock worth $19,691,000 after acquiring an additional 17,804 shares during the last quarter. Finally, Webster Bank N. A. grew its stake in iShares Short Maturity Municipal Bond Active ETF by 39.1% during the third quarter. Webster Bank N. A. now owns 58,640 shares of the company’s stock valued at $2,950,000 after acquiring an additional 16,494 shares in 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.