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) shares hit a new 52-week low on Monday . The stock traded as low as $50.09 and last traded at $50.17, with a volume of 13643 shares trading hands. The stock had previously closed at $50.22.

iShares Short Maturity Municipal Bond Active ETF Stock Down 0.0%

The stock’s 50 day moving average is $50.25 and its 200 day moving average is $50.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada grew its stake in iShares Short Maturity Municipal Bond Active ETF by 206.1% during the first quarter. Royal Bank of Canada now owns 107,035 shares of the company’s stock worth $5,378,000 after buying an additional 72,073 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in iShares Short Maturity Municipal Bond Active ETF during the second quarter worth about $120,000. NewEdge Advisors LLC lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 7.3% in the second quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock worth $6,474,000 after acquiring an additional 8,740 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 468.5% in the second quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock worth $6,587,000 after acquiring an additional 107,993 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% in the 2nd quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock valued at $57,799,000 after purchasing an additional 202,654 shares in the last quarter.

About iShares Short Maturity Municipal Bond Active ETF

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.