iShares Short Duration Bond Active ETF (BATS:NEAR) Sets New 12-Month Low – Here’s Why

iShares Short Duration Bond Active ETF (BATS:NEAR)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $50.43 and last traded at $50.45, with a volume of 444128 shares changing hands. The stock had previously closed at $50.49.

iShares Short Duration Bond Active ETF Stock Up 0.1%

The business’s 50-day moving average price is $50.60 and its 200-day moving average price is $50.86.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Peapack Gladstone Financial Corp boosted its stake in shares of iShares Short Duration Bond Active ETF by 142.1% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 185,057 shares of the company’s stock valued at $9,456,000 after buying an additional 108,608 shares during the period. Quantinno Capital Management LP acquired a new position in shares of iShares Short Duration Bond Active ETF in the second quarter worth $500,000. Ausdal Financial Partners Inc. purchased a new stake in shares of iShares Short Duration Bond Active ETF during the second quarter worth $278,000. Jane Street Group LLC raised its holdings in shares of iShares Short Duration Bond Active ETF by 205.6% during the second quarter. Jane Street Group LLC now owns 45,100 shares of the company’s stock worth $2,305,000 after acquiring an additional 30,340 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in iShares Short Duration Bond Active ETF by 22.3% during the second quarter. Ameriprise Financial Inc. now owns 918,189 shares of the company’s stock valued at $46,891,000 after purchasing an additional 167,210 shares during the last quarter.

iShares Short Duration Bond Active ETF Company Profile

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.