BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Sets New 1-Year High at $50.26

BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) hit a new 52-week high during trading on Monday . The company traded as high as $50.26 and last traded at $50.27, with a volume of 45181 shares trading hands. The stock had previously closed at $50.24.

BlackRock Short Maturity Municipal Bond ETF Price Performance

The firm has a 50-day simple moving average of $50.22 and a two-hundred day simple moving average of $50.11.

BlackRock Short Maturity Municipal Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1401 dividend. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of BlackRock Short Maturity Municipal Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Hirtle Callaghan & Co LLC bought a new position in shares of BlackRock Short Maturity Municipal Bond ETF during the 4th quarter valued at $356,000. Janney Montgomery Scott LLC raised its holdings in BlackRock Short Maturity Municipal Bond ETF by 34.3% during the first quarter. Janney Montgomery Scott LLC now owns 10,733 shares of the company’s stock valued at $538,000 after buying an additional 2,743 shares in the last quarter. VERITY Wealth Advisors lifted its position in shares of BlackRock Short Maturity Municipal Bond ETF by 53.6% in the first quarter. VERITY Wealth Advisors now owns 15,421 shares of the company’s stock worth $773,000 after buying an additional 5,383 shares during the last quarter. Finally, Arden Trust Co boosted its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 5.2% during the 1st quarter. Arden Trust Co now owns 36,843 shares of the company’s stock worth $1,847,000 after acquiring an additional 1,828 shares in the last quarter.

About BlackRock Short Maturity Municipal Bond 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.