Sovran Advisors LLC Trims Stock Position in iShares Short Maturity Municipal Bond Active ETF $MEAR

Sovran Advisors LLC lowered its stake in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 48.6% during the third quarter, HoldingsChannel.com reports. The firm owned 39,435 shares of the company’s stock after selling 37,340 shares during the period. Sovran Advisors LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $1,989,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MEAR. Fidelis Capital Partners LLC grew its stake in iShares Short Maturity Municipal Bond Active ETF by 5.0% during the second quarter. Fidelis Capital Partners LLC now owns 4,389 shares of the company’s stock worth $221,000 after buying an additional 208 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 0.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 60,045 shares of the company’s stock valued at $3,026,000 after acquiring an additional 264 shares in the last quarter. Milestone Investment Advisors LLC boosted its position in iShares Short Maturity Municipal Bond Active ETF by 5.3% during the 2nd quarter. Milestone Investment Advisors LLC now owns 7,889 shares of the company’s stock worth $397,000 after purchasing an additional 398 shares during the period. Jacobson & Schmitt Advisors LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 0.6% in the 2nd quarter. Jacobson & Schmitt Advisors LLC now owns 66,993 shares of the company’s stock valued at $3,368,000 after purchasing an additional 406 shares in the last quarter. Finally, Modern Wealth Management LLC raised its position in iShares Short Maturity Municipal Bond Active ETF by 0.6% in the second quarter. Modern Wealth Management LLC now owns 92,567 shares of the company’s stock valued at $4,653,000 after purchasing an additional 530 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Stock Up 0.5%

Shares of BATS MEAR opened at $50.46 on Tuesday. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $49.44 and a 1-year high of $50.51. The business has a 50-day moving average of $50.36 and a 200-day moving average of $50.39.

iShares Short Maturity Municipal Bond Active ETF Company 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.