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

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) shares reached a new 52-week high on Monday . The stock traded as high as $50.22 and last traded at $50.19, with a volume of 83300 shares traded. The stock had previously closed at $50.21.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The company’s 50 day moving average price is $50.19 and its two-hundred day moving average price is $50.17.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Arden Trust Co lifted its position 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 valued at $2,913,000 after acquiring an additional 21,242 shares in the last quarter. Webster Bank N. A. raised its stake in iShares Short Maturity Municipal Bond Active ETF by 39.1% during the 3rd quarter. Webster Bank N. A. now owns 58,640 shares of the company’s stock valued at $2,950,000 after purchasing an additional 16,494 shares during the period. Elmwood Wealth Management Inc. raised its stake in iShares Short Maturity Municipal Bond Active ETF by 37.6% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 59,405 shares of the company’s stock valued at $2,989,000 after purchasing an additional 16,240 shares during the period. Ullmann Wealth Partners Group LLC boosted its stake in iShares Short Maturity Municipal Bond Active ETF by 4.8% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 337,663 shares of the company’s stock worth $16,990,000 after purchasing an additional 15,505 shares during the period. Finally, Global Retirement Partners LLC grew its holdings in iShares Short Maturity Municipal Bond Active ETF by 5.7% during the 3rd quarter. Global Retirement Partners LLC now owns 17,259 shares of the company’s stock valued at $868,000 after buying an additional 935 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.