iShares Short Maturity Municipal Bond Active ETF $MEAR Shares Sold by Royal Bank of Canada

Royal Bank of Canada decreased its stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 12.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 159,913 shares of the company’s stock after selling 22,327 shares during the period. Royal Bank of Canada’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $8,050,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at approximately $120,000. NewEdge Advisors LLC increased its position in iShares Short Maturity Municipal Bond Active ETF by 7.3% in the second quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock worth $6,474,000 after buying an additional 8,740 shares during the period. Jane Street Group LLC increased its position in iShares Short Maturity Municipal Bond Active ETF by 468.5% in the second quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock worth $6,587,000 after buying an additional 107,993 shares during the period. Bank of America Corp DE lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% in the second quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock valued at $57,799,000 after buying an additional 202,654 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 34.6% in the second quarter. Benjamin Edwards Inc. now owns 9,134 shares of the company’s stock valued at $459,000 after buying an additional 2,346 shares during the last quarter.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of MEAR opened at $50.18 on Tuesday. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $50.10 and a 1 year high of $50.79. The firm has a fifty day moving average of $50.26 and a 200-day moving average of $50.34.

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.