iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Hits New 12-Month Low – What’s Next?

Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) reached a new 52-week low during trading on Thursday . The company traded as low as $50.12 and last traded at $50.12, with a volume of 49958 shares. The stock had previously closed at $50.21.

iShares Short Maturity Municipal Bond Active ETF Stock Up 0.0%

The stock’s fifty day moving average price is $50.27 and its 200 day moving average price is $50.35.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Rockwood Wealth Management LLC raised its position in iShares Short Maturity Municipal Bond Active ETF by 3.9% during the first quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock valued at $114,595,000 after purchasing an additional 85,260 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the first quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock worth $83,902,000 after purchasing an additional 293,492 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 16.8% in the 4th quarter. Captrust Financial Advisors now owns 1,470,159 shares of the company’s stock worth $73,978,000 after purchasing an additional 211,363 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 20.9% in the 1st quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock worth $71,426,000 after purchasing an additional 245,078 shares in the last quarter. Finally, LPL Financial LLC increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 10.3% during the 4th quarter. LPL Financial LLC now owns 672,920 shares of the company’s stock valued at $33,861,000 after purchasing an additional 62,938 shares during 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.