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

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) reached a new 52-week low on Monday. The company traded as low as $49.90 and last traded at $49.9350, with a volume of 28774 shares trading hands. The stock had previously closed at $50.00.

iShares Short Duration Bond Active ETF Stock Down 0.3%

The company’s fifty day simple moving average is $50.37 and its two-hundred day simple moving average is $50.58.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in iShares Short Duration Bond Active ETF by 94.9% in the 1st quarter. NewEdge Advisors LLC now owns 914,401 shares of the company’s stock worth $46,484,000 after purchasing an additional 445,163 shares during the period. Clearwater Capital Advisors LLC increased its position in shares of iShares Short Duration Bond Active ETF by 6.6% during the 1st quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock worth $158,493,000 after purchasing an additional 192,930 shares during the last quarter. Proficio Capital Partners LLC raised its position in iShares Short Duration Bond Active ETF by 71.4% during the second quarter. Proficio Capital Partners LLC now owns 425,995 shares of the company’s stock worth $22,196,000 after acquiring an additional 177,400 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of iShares Short Duration Bond Active ETF by 26.9% in the 1st quarter. Royal Bank of Canada now owns 723,098 shares of the company’s stock valued at $36,759,000 after purchasing an additional 153,429 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares Short Duration Bond Active ETF by 11.1% during the 1st quarter. Cetera Investment Advisers now owns 1,413,521 shares of the company’s stock worth $71,856,000 after acquiring an additional 141,623 shares during the period.

About iShares Short Duration Bond Active ETF

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.