Cornerstone Financial Management LLC Takes Position in iShares Short Maturity Municipal Bond Active ETF $MEAR

Cornerstone Financial Management LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 22,612 shares of the company’s stock, valued at approximately $1,138,000. Cornerstone Financial Management LLC owned 0.10% of iShares Short Maturity Municipal Bond Active ETF as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC increased its position in iShares Short Maturity Municipal Bond Active ETF by 4.2% during the third quarter. Advisory Services Network LLC now owns 8,485 shares of the company’s stock worth $429,000 after acquiring an additional 339 shares during the period. Meeder Advisory Services Inc. increased its position in iShares Short Maturity Municipal Bond Active ETF by 0.9% during the fourth quarter. Meeder Advisory Services Inc. now owns 43,057 shares of the company’s stock worth $2,167,000 after acquiring an additional 380 shares during the period. Thrivent Financial for Lutherans increased its position in iShares Short Maturity Municipal Bond Active ETF by 0.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 53,536 shares of the company’s stock worth $2,693,000 after acquiring an additional 388 shares during the period. Fidelis Capital Partners LLC increased its position in iShares Short Maturity Municipal Bond Active ETF by 10.6% during the fourth quarter. Fidelis Capital Partners LLC now owns 4,854 shares of the company’s stock worth $244,000 after acquiring an additional 465 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in iShares Short Maturity Municipal Bond Active ETF by 5.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 9,352 shares of the company’s stock worth $471,000 after acquiring an additional 482 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of MEAR stock opened at $50.26 on Friday. iShares Short Maturity Municipal Bond Active ETF has a 1 year low of $50.12 and a 1 year high of $50.79. The firm’s fifty day simple moving average is $50.28 and its 200 day simple moving average is $50.36.

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.