Iron Horse Wealth Management LLC Reduces Stock Position in iShares Short Duration Bond Active ETF $NEAR

Iron Horse Wealth Management LLC lessened its stake in shares of iShares Short Duration Bond Active ETF (BATS:NEAR) by 44.5% in the second quarter, HoldingsChannel reports. The firm owned 531 shares of the company’s stock after selling 425 shares during the quarter. Iron Horse Wealth Management LLC’s holdings in iShares Short Duration Bond Active ETF were worth $27,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEAR. Summit Financial LLC purchased a new stake in iShares Short Duration Bond Active ETF during the 1st quarter worth about $36,551,000. New Millennium Group LLC purchased a new stake in iShares Short Duration Bond Active ETF during the 1st quarter worth about $23,563,000. DT Investment Partners LLC purchased a new stake in iShares Short Duration Bond Active ETF during the 1st quarter worth about $18,230,000. Ameriprise Financial Inc. increased its position in iShares Short Duration Bond Active ETF by 40.6% during the 1st quarter. Ameriprise Financial Inc. now owns 750,979 shares of the company’s stock worth $38,137,000 after purchasing an additional 216,744 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new stake in iShares Short Duration Bond Active ETF during the 1st quarter worth about $10,761,000.

iShares Short Duration Bond Active ETF Trading Up 1.5%

iShares Short Duration Bond Active ETF stock opened at $51.18 on Friday. The stock has a 50-day moving average price of $51.15 and a 200 day moving average price of $50.92. iShares Short Duration Bond Active ETF has a 52 week low of $50.25 and a 52 week high of $51.40.

iShares Short Duration Bond Active ETF 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.