Sovereign Financial Group Inc. Has $3.12 Million Stake in iShares Short Duration Bond Active ETF $NEAR

Sovereign Financial Group Inc. decreased its stake in iShares Short Duration Bond Active ETF (BATS:NEAR) by 6.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 60,961 shares of the company’s stock after selling 3,975 shares during the period. iShares Short Duration Bond Active ETF comprises 0.6% of Sovereign Financial Group Inc.’s holdings, making the stock its 28th largest position. Sovereign Financial Group Inc.’s holdings in iShares Short Duration Bond Active ETF were worth $3,115,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Charter Oak Capital Management LLC lifted its stake in iShares Short Duration Bond Active ETF by 3.4% in the second quarter. Charter Oak Capital Management LLC now owns 6,342 shares of the company’s stock valued at $324,000 after buying an additional 207 shares during the period. New Capital Management LP lifted its stake in iShares Short Duration Bond Active ETF by 4.8% in the first quarter. New Capital Management LP now owns 5,865 shares of the company’s stock valued at $298,000 after buying an additional 269 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of iShares Short Duration Bond Active ETF by 1.9% in the second quarter. Janney Montgomery Scott LLC now owns 15,120 shares of the company’s stock worth $773,000 after acquiring an additional 282 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of iShares Short Duration Bond Active ETF by 0.7% in the first quarter. Baird Financial Group Inc. now owns 46,238 shares of the company’s stock worth $2,352,000 after acquiring an additional 303 shares in the last quarter. Finally, Syntegra Private Wealth Group LLC increased its holdings in shares of iShares Short Duration Bond Active ETF by 3.0% in the first quarter. Syntegra Private Wealth Group LLC now owns 13,692 shares of the company’s stock worth $696,000 after acquiring an additional 394 shares in the last quarter.

iShares Short Duration Bond Active ETF Stock Performance

Shares of iShares Short Duration Bond Active ETF stock opened at $51.18 on Friday. iShares Short Duration Bond Active ETF has a 1 year low of $50.25 and a 1 year high of $51.40. The business has a 50-day moving average of $51.17 and a two-hundred day moving average of $50.94.

About iShares Short Duration Bond Active ETF

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.