iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 1-Year Low – Time to Sell?

iShares Short Duration Bond Active ETF (BATS:NEAR) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $50.50 and last traded at $50.50, with a volume of 88020 shares trading hands. The stock had previously closed at $50.59.

iShares Short Duration Bond Active ETF Trading Down 0.2%

The firm’s fifty day moving average price is $50.74 and its 200-day moving average price is $50.98.

Hedge Funds Weigh In On iShares Short Duration Bond Active ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Kelleher Financial Advisors acquired a new position in shares of iShares Short Duration Bond Active ETF during the third quarter valued at $26,000. Godfrey Financial Associates Inc. acquired a new position in shares of iShares Short Duration Bond Active ETF during the fourth quarter valued at $35,000. MidAtlantic Capital Management Inc. acquired a new position in shares of iShares Short Duration Bond Active ETF during the fourth quarter valued at $46,000. Tower Research Capital LLC TRC acquired a new position in shares of iShares Short Duration Bond Active ETF during the second quarter valued at $76,000. Finally, Maseco LLP acquired a new position in shares of iShares Short Duration Bond Active ETF during the fourth quarter valued at $88,000.

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.