iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 1-Year Low – What’s Next?

iShares Short Duration Bond Active ETF (BATS:NEAR)’s share price reached a new 52-week low on Wednesday . The company traded as low as $50.45 and last traded at $50.46, with a volume of 99459 shares trading hands. The stock had previously closed at $50.51.

iShares Short Duration Bond Active ETF Stock Performance

The company has a 50-day simple moving average of $50.64 and a two-hundred day simple moving average of $50.89.

Institutional Investors Weigh In On iShares Short Duration Bond Active ETF

Several hedge funds have recently added to or reduced their stakes in NEAR. Castle Rock Wealth Management LLC boosted its holdings in shares of iShares Short Duration Bond Active ETF by 0.9% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 44,791 shares of the company’s stock worth $2,261,000 after buying an additional 404 shares during the period. First Citizens Financial Corp boosted its position in shares of iShares Short Duration Bond Active ETF by 5.0% during the 2nd quarter. First Citizens Financial Corp now owns 75,443 shares of the company’s stock worth $3,822,000 after acquiring an additional 3,599 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of iShares Short Duration Bond Active ETF by 5.5% in the 1st quarter. Parallel Advisors LLC now owns 7,354 shares of the company’s stock valued at $374,000 after purchasing an additional 383 shares during the last quarter. NewEdge Advisors LLC raised its stake in iShares Short Duration Bond Active ETF by 94.9% during the first quarter. NewEdge Advisors LLC now owns 914,401 shares of the company’s stock worth $46,484,000 after acquiring an additional 445,163 shares in the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in iShares Short Duration Bond Active ETF by 9.9% in the 1st quarter. Integrated Investment Consultants LLC now owns 444,331 shares of the company’s stock valued at $22,588,000 after purchasing an additional 39,857 shares during the last quarter.

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.