Royal Bank of Canada Has $21.73 Million Stock Position in iShares Short Duration Bond Active ETF (BATS:NEAR)

Royal Bank of Canada lowered its stake in iShares Short Duration Bond Active ETF (BATS:NEAR) by 8.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 430,193 shares of the company’s stock after selling 40,275 shares during the period. Royal Bank of Canada owned 0.73% of iShares Short Duration Bond Active ETF worth $21,725,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in NEAR. Raymond James Financial Inc. acquired a new stake in iShares Short Duration Bond Active ETF in the fourth quarter valued at approximately $67,220,000. Ameriprise Financial Inc. boosted its position in iShares Short Duration Bond Active ETF by 1,925.5% in the fourth quarter. Ameriprise Financial Inc. now owns 534,235 shares of the company’s stock valued at $26,979,000 after buying an additional 507,860 shares in the last quarter. Members Advisory Group LLC acquired a new stake in iShares Short Duration Bond Active ETF in the fourth quarter valued at approximately $18,047,000. Wells Fargo & Company MN boosted its position in iShares Short Duration Bond Active ETF by 21.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,943,763 shares of the company’s stock valued at $98,160,000 after buying an additional 342,089 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in iShares Short Duration Bond Active ETF during the 4th quarter worth approximately $16,479,000.

iShares Short Duration Bond Active ETF Trading Up 0.7%

BATS:NEAR opened at $50.78 on Friday. The firm’s 50 day simple moving average is $50.75 and its 200 day simple moving average is $50.67. iShares Short Duration Bond Active ETF has a one year low of $50.03 and a one year high of $51.40.

iShares Short Duration Bond Active ETF Cuts Dividend

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

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.