Merit Financial Group LLC Grows Holdings in iShares Short Maturity Municipal Bond Active ETF $MEAR

Merit Financial Group LLC increased its position in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 193.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,594 shares of the company’s stock after purchasing an additional 70,989 shares during the quarter. Merit Financial Group LLC owned approximately 0.48% of iShares Short Maturity Municipal Bond Active ETF worth $5,414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MEAR. Newbridge Financial Services Group Inc. purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the second quarter worth about $29,000. Centennial Bank AR purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the third quarter worth about $31,000. AE Wealth Management LLC boosted its holdings in iShares Short Maturity Municipal Bond Active ETF by 141.1% during the third quarter. AE Wealth Management LLC now owns 687 shares of the company’s stock worth $35,000 after purchasing an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the second quarter worth about $120,000. Finally, Mather Group LLC. purchased a new position in iShares Short Maturity Municipal Bond Active ETF during the third quarter worth about $133,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

iShares Short Maturity Municipal Bond Active ETF stock opened at $50.34 on Friday. iShares Short Maturity Municipal Bond Active ETF has a fifty-two week low of $49.81 and a fifty-two week high of $50.79. The firm’s 50-day simple moving average is $50.42 and its 200 day simple moving average is $50.39.

iShares Short Maturity Municipal Bond Active ETF 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.