iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 1-Year Low – Should You Sell?

iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) hit a new 52-week low on Tuesday . The company traded as low as $49.87 and last traded at $49.8950, with a volume of 167437 shares changing hands. The stock had previously closed at $49.93.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The business has a 50-day moving average price of $50.14 and a 200 day moving average price of $50.25.

Institutional Investors Weigh In On iShares Short Maturity Municipal Bond Active ETF

Hedge funds have recently added to or reduced their stakes in the stock. Rockwood Wealth Management LLC raised its position in shares of iShares Short Maturity Municipal Bond Active ETF by 3.9% in the 1st quarter. Rockwood Wealth Management LLC now owns 2,276,419 shares of the company’s stock worth $114,595,000 after purchasing an additional 85,260 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,666,710 shares of the company’s stock valued at $83,902,000 after purchasing an additional 293,492 shares in the last quarter. Bank of America Corp DE increased its stake in iShares Short Maturity Municipal Bond Active ETF by 20.9% during the 1st quarter. Bank of America Corp DE now owns 1,418,879 shares of the company’s stock valued at $71,426,000 after purchasing an additional 245,078 shares in the last quarter. Foster Group Inc. raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 3.8% in the second quarter. Foster Group Inc. now owns 612,466 shares of the company’s stock worth $30,856,000 after buying an additional 22,590 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 4.3% in the first quarter. Cetera Investment Advisers now owns 506,011 shares of the company’s stock worth $25,473,000 after buying an additional 20,709 shares during the last quarter.

iShares Short Maturity Municipal Bond Active ETF Company Profile

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.