623,041 Shares of iShares Short Maturity Municipal Bond Active ETF $MEAR Bought by Foster Group Inc.

Foster Group Inc. acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) in the third quarter, Holdings Channel reports. The institutional investor acquired 623,041 shares of the company’s stock, valued at approximately $30,922,000. iShares Short Maturity Municipal Bond Active ETF comprises about 0.8% of Foster Group Inc.’s portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sax Wealth Advisors LLC acquired a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the third quarter worth approximately $248,000. Capital Advisors Wealth Management LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at approximately $1,159,000. Farther Finance Advisors LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at approximately $439,000. Titleist Asset Management LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at approximately $2,650,000. Finally, Valeo Financial Advisors LLC bought a new position in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $1,398,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

iShares Short Maturity Municipal Bond Active ETF stock opened at $49.73 on Wednesday. iShares Short Maturity Municipal Bond Active ETF has a 52-week low of $49.48 and a 52-week high of $50.79. The firm has a 50 day moving average price of $49.97 and a two-hundred day moving average price of $50.17.

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.