iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Reaches New 1-Year High – Should You Buy?

Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) hit a new 52-week high during trading on Wednesday . The company traded as high as $50.19 and last traded at $50.15, with a volume of 182774 shares traded. The stock had previously closed at $50.08.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

The stock’s 50-day moving average price is $50.20 and its 200 day moving average price is $50.16.

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 given a dividend of $0.1401 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Trading of iShares Short Maturity Municipal Bond Active ETF

A number of hedge funds have recently added to or reduced their stakes in MEAR. Aptus Capital Advisors LLC purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at $33,000. Concurrent Investment Advisors LLC acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $201,000. CFS Investment Advisory Services LLC boosted its holdings in shares of 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 valued at $273,000 after acquiring an additional 436 shares during the last quarter. Shum Financial Group Inc. acquired a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth about $333,000. Finally, Milestone Investment Advisors LLC raised its position in iShares Short Maturity Municipal Bond Active ETF by 132.8% during the third quarter. Milestone Investment Advisors LLC now owns 6,992 shares of the company’s stock valued at $352,000 after acquiring an additional 3,989 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.