iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 12-Month Low – Here’s Why

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week low during trading on Wednesday . The company traded as low as $50.43 and last traded at $50.43, with a volume of 294076 shares. The stock had previously closed at $50.47.

iShares Short Duration Bond Active ETF Stock Performance

The stock has a 50-day moving average price of $50.59 and a 200-day moving average price of $50.85.

Institutional Trading of iShares Short Duration Bond Active ETF

A number of hedge funds have recently made changes to their positions in the stock. Kelleher Financial Advisors bought a new stake in shares of iShares Short Duration Bond Active ETF in the third quarter worth $26,000. Godfrey Financial Associates Inc. acquired a new stake in iShares Short Duration Bond Active ETF in the fourth quarter valued at $35,000. MidAtlantic Capital Management Inc. bought a new position in iShares Short Duration Bond Active ETF during the 4th quarter valued at $46,000. Tower Research Capital LLC TRC bought a new position in iShares Short Duration Bond Active ETF during the 2nd quarter valued at $76,000. Finally, Maseco LLP acquired a new position in iShares Short Duration Bond Active ETF during the 4th quarter worth $88,000.

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.