BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Sets New 1-Year High at $50.26

Shares of BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.26 and last traded at $50.27, with a volume of 45181 shares trading hands. The stock had previously closed at $50.24.

BlackRock Short Maturity Municipal Bond ETF Stock Up 0.1 %

The company’s fifty day simple moving average is $50.21 and its 200-day simple moving average is $50.11.

BlackRock Short Maturity Municipal Bond ETF Cuts Dividend

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

Hedge Funds Weigh In On BlackRock Short Maturity Municipal Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of MEAR. Hirtle Callaghan & Co LLC acquired a new stake in shares of BlackRock Short Maturity Municipal Bond ETF during the fourth quarter worth $356,000. Janney Montgomery Scott LLC lifted its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 34.3% during the first quarter. Janney Montgomery Scott LLC now owns 10,733 shares of the company’s stock worth $538,000 after buying an additional 2,743 shares during the period. VERITY Wealth Advisors lifted its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 53.6% during the first quarter. VERITY Wealth Advisors now owns 15,421 shares of the company’s stock worth $773,000 after buying an additional 5,383 shares during the period. Finally, Arden Trust Co lifted its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 5.2% during the first quarter. Arden Trust Co now owns 36,843 shares of the company’s stock worth $1,847,000 after buying an additional 1,828 shares during the period.

About BlackRock Short Maturity Municipal Bond 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.