iShares Short Duration Bond Active ETF (BATS:NEAR) Sets New 52-Week High – Still a Buy?

iShares Short Duration Bond Active ETF (BATS:NEAR) shares reached a new 52-week high on Monday . The stock traded as high as $50.55 and last traded at $50.71, with a volume of 391200 shares traded. The stock had previously closed at $50.41.

iShares Short Duration Bond Active ETF Stock Performance

The company’s 50-day moving average price is $50.63 and its 200 day moving average price is $50.75.

iShares Short Duration Bond Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.1802 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Trading of iShares Short Duration Bond Active ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Financial Avengers Inc. acquired a new stake in iShares Short Duration Bond Active ETF during the third quarter worth about $26,000. Aptus Capital Advisors LLC acquired a new position in shares of iShares Short Duration Bond Active ETF in the 3rd quarter valued at $30,000. Hoese & Co LLP acquired a new position in shares of iShares Short Duration Bond Active ETF in the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new position in shares of iShares Short Duration Bond Active ETF in the 4th quarter valued at $33,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in iShares Short Duration Bond Active ETF in the 4th quarter valued at $44,000.

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.