iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Hits New 52-Week High – Here’s Why

Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) hit a new 52-week high on Monday . The company traded as high as $50.18 and last traded at $50.17, with a volume of 104467 shares. The stock had previously closed at $50.14.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The firm’s 50-day simple moving average is $50.17 and its two-hundred day simple moving average is $50.18.

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

A number of institutional investors have recently modified their holdings of the business. Evernest Financial Advisors LLC raised its position in iShares Short Maturity Municipal Bond Active ETF by 2.0% during the third quarter. Evernest Financial Advisors LLC now owns 14,527 shares of the company’s stock worth $731,000 after acquiring an additional 282 shares during the period. CFS Investment Advisory Services LLC boosted its holdings in iShares Short Maturity Municipal Bond Active ETF by 8.7% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 5,431 shares of the company’s stock worth $273,000 after buying an additional 436 shares during the last quarter. Aptus Capital Advisors LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $33,000. Jacobson & Schmitt Advisors LLC lifted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 1.6% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 48,626 shares of the company’s stock valued at $2,447,000 after acquiring an additional 760 shares in the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 5.7% during the third quarter. Global Retirement Partners LLC now owns 17,259 shares of the company’s stock worth $868,000 after purchasing an additional 935 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Company 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.