Tortoise Investment Management LLC Buys 10,600 Shares of iShares Short Maturity Municipal Bond Active ETF $MEAR

Tortoise Investment Management LLC increased its position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 18.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,610 shares of the company’s stock after buying an additional 10,600 shares during the period. Tortoise Investment Management LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $3,348,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Harbor Asset Planning Inc. bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the 2nd quarter valued at about $48,000. Financial Management Professionals Inc. purchased a new stake in iShares Short Maturity Municipal Bond Active ETF in the second quarter worth $90,000. Capital Advisors Ltd. LLC lifted its holdings in iShares Short Maturity Municipal Bond Active ETF by 370.4% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,921 shares of the company’s stock valued at $147,000 after buying an additional 2,300 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter valued at approximately $207,000. Finally, Avidian Wealth Enterprises LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter worth $210,000.

iShares Short Maturity Municipal Bond Active ETF Price Performance

BATS MEAR opened at $50.35 on Friday. The company’s 50-day simple moving average is $50.44 and its two-hundred day simple moving average is $50.30. iShares Short Maturity Municipal Bond Active ETF has a one year low of $49.44 and a one year high of $50.51.

iShares Short Maturity Municipal Bond Active ETF 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.