iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) Sets New 12-Month Low – Time to Sell?

Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) reached a new 52-week low on Tuesday . The company traded as low as $50.03 and last traded at $50.06, with a volume of 385902 shares. The stock had previously closed at $50.08.

iShares Short Maturity Municipal Bond Active ETF Price Performance

The company’s fifty day simple moving average is $50.21 and its 200 day simple moving average is $50.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MEAR. Newbridge Financial Services Group Inc. bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter valued at about $29,000. Centennial Bank AR grew its position in shares of iShares Short Maturity Municipal Bond Active ETF by 183.6% during the 4th quarter. Centennial Bank AR now owns 1,730 shares of the company’s stock worth $87,000 after purchasing an additional 1,120 shares in the last quarter. Blueline Advisors LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the fourth quarter worth approximately $116,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter valued at approximately $120,000. Finally, Friedenthal Financial bought a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the first quarter valued at approximately $134,000.

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.