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

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) shares hit a new 52-week high during trading on Friday . The stock traded as high as $50.79 and last traded at $50.6390, with a volume of 28509 shares changing hands. The stock had previously closed at $50.63.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The company has a 50 day moving average of $50.44 and a two-hundred day moving average of $50.42.

Hedge Funds Weigh In On iShares Short Maturity Municipal Bond Active ETF

Several hedge funds have recently modified their holdings of MEAR. Newbridge Financial Services Group Inc. purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter valued at approximately $29,000. Centennial Bank AR acquired a new position in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at approximately $31,000. AE Wealth Management LLC raised its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 141.1% in the third quarter. AE Wealth Management LLC now owns 687 shares of the company’s stock worth $35,000 after buying an additional 402 shares during the last quarter. Centennial Bank AR lifted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 183.6% during the fourth quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock worth $87,000 after buying an additional 1,120 shares during the period. Finally, Blueline Advisors LLC acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF during the fourth quarter worth $116,000.

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.