iShares Short Duration Bond Active ETF (BATS:NEAR) Sets New 52-Week High – Still a Buy?

iShares Short Duration Bond Active ETF (BATS:NEAR) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $50.55 and last traded at $50.61, with a volume of 391200 shares changing hands. The stock had previously closed at $50.41.

iShares Short Duration Bond Active ETF Stock Performance

The business has a 50 day moving average of $50.55 and a 200 day moving average of $50.76.

iShares Short Duration Bond Active ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.1953 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Trading of iShares Short Duration Bond Active ETF

A number of hedge funds have recently added to or reduced their stakes in the business. Novem Group acquired a new stake in iShares Short Duration Bond Active ETF in the 4th quarter worth about $679,000. KKM Financial LLC acquired a new stake in iShares Short Duration Bond Active ETF in the 4th quarter worth about $2,908,000. Gotham Asset Management LLC acquired a new stake in iShares Short Duration Bond Active ETF in the 4th quarter worth about $203,000. Clark Capital Management Group Inc. acquired a new stake in iShares Short Duration Bond Active ETF in the 4th quarter worth about $8,365,000. Finally, Cetera Investment Advisers boosted its stake in iShares Short Duration Bond Active ETF by 11.3% in the 4th quarter. Cetera Investment Advisers now owns 499,410 shares of the company’s stock worth $25,220,000 after buying an additional 50,795 shares during the last quarter.

About iShares Short Duration Bond Active ETF

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.