Nwam LLC Purchases New Position in iShares Short Maturity Municipal Bond Active ETF $MEAR

Nwam LLC purchased a new position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) in the 2nd quarter, HoldingsChannel reports. The firm purchased 184,572 shares of the company’s stock, valued at approximately $9,299,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 206.1% in the 1st quarter. Royal Bank of Canada now owns 107,035 shares of the company’s stock valued at $5,378,000 after purchasing an additional 72,073 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at approximately $120,000. NewEdge Advisors LLC increased its position in shares of iShares Short Maturity Municipal Bond Active ETF by 7.3% during the 2nd quarter. NewEdge Advisors LLC now owns 128,780 shares of the company’s stock valued at $6,474,000 after purchasing an additional 8,740 shares during the last quarter. Jane Street Group LLC raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 468.5% during the 2nd quarter. Jane Street Group LLC now owns 131,042 shares of the company’s stock valued at $6,587,000 after buying an additional 107,993 shares during the period. Finally, Bank of America Corp DE boosted its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 21.4% during the 2nd quarter. Bank of America Corp DE now owns 1,149,777 shares of the company’s stock worth $57,799,000 after purchasing an additional 202,654 shares during the period.

iShares Short Maturity Municipal Bond Active ETF Trading Down 0.0%

Shares of BATS:MEAR opened at $50.21 on Tuesday. iShares Short Maturity Municipal Bond Active ETF has a 12 month low of $50.09 and a 12 month high of $50.79. The firm’s 50-day moving average is $50.24 and its 200 day moving average is $50.31.

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.