Montecito Bank & Trust Buys New Position in iShares Short Duration Bond Active ETF $NEAR

Montecito Bank & Trust bought a new stake in shares of iShares Short Duration Bond Active ETF (BATS:NEAR) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 115,238 shares of the company’s stock, valued at approximately $5,909,000. iShares Short Duration Bond Active ETF comprises approximately 0.9% of Montecito Bank & Trust’s holdings, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of iShares Short Duration Bond Active ETF during the 2nd quarter valued at $47,000. AE Wealth Management LLC grew its holdings in iShares Short Duration Bond Active ETF by 27.1% during the second quarter. AE Wealth Management LLC now owns 1,023 shares of the company’s stock valued at $52,000 after purchasing an additional 218 shares during the period. Tower Research Capital LLC TRC bought a new stake in iShares Short Duration Bond Active ETF during the second quarter valued at about $76,000. Davidson Capital Management Inc. increased its position in iShares Short Duration Bond Active ETF by 92.1% in the second quarter. Davidson Capital Management Inc. now owns 1,704 shares of the company’s stock worth $87,000 after buying an additional 817 shares in the last quarter. Finally, Spire Wealth Management raised its stake in shares of iShares Short Duration Bond Active ETF by 41.5% in the second quarter. Spire Wealth Management now owns 1,926 shares of the company’s stock worth $98,000 after buying an additional 565 shares during the period.

iShares Short Duration Bond Active ETF Trading Up 1.6%

Shares of BATS:NEAR opened at $51.24 on Thursday. The stock has a 50 day moving average of $51.21 and a 200 day moving average of $51.09. iShares Short Duration Bond Active ETF has a 12-month low of $50.25 and a 12-month high of $51.40.

iShares Short Duration Bond Active ETF Profile

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.