iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 12-Month High – Still a Buy?

iShares Short Duration Bond Active ETF (BATS:NEAR)’s stock price reached a new 52-week high on Friday . The stock traded as high as $51.37 and last traded at $51.3450, with a volume of 2127409 shares. The stock had previously closed at $51.30.

iShares Short Duration Bond Active ETF Stock Performance

The business has a 50 day moving average price of $51.16 and a 200-day moving average price of $51.19.

Institutional Trading of iShares Short Duration Bond Active ETF

A number of large investors have recently added to or reduced their stakes in NEAR. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Short Duration Bond Active ETF by 2,461.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock worth $195,867,000 after purchasing an additional 3,683,358 shares during the last quarter. Axxcess Wealth Management LLC grew its holdings in iShares Short Duration Bond Active ETF by 269.2% during the fourth quarter. Axxcess Wealth Management LLC now owns 715,788 shares of the company’s stock worth $36,577,000 after purchasing an additional 521,925 shares during the period. Corient Private Wealth LLC bought a new position in iShares Short Duration Bond Active ETF during the second quarter worth about $15,660,000. Bank of America Corp DE increased its position in iShares Short Duration Bond Active ETF by 8.8% during the second quarter. Bank of America Corp DE now owns 3,503,322 shares of the company’s stock worth $179,020,000 after buying an additional 284,084 shares during the last quarter. Finally, UBS Group AG raised its stake in iShares Short Duration Bond Active ETF by 19.6% in the fourth quarter. UBS Group AG now owns 1,613,264 shares of the company’s stock valued at $82,438,000 after buying an additional 264,887 shares during the period.

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.