Highland Financial Advisors LLC Makes New $2.12 Million Investment in iShares Short Maturity Municipal Bond Active ETF $MEAR

Highland Financial Advisors LLC bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) during the 3rd quarter, Holdings Channel reports. The firm bought 42,776 shares of the company’s stock, valued at approximately $2,123,000. iShares Short Maturity Municipal Bond Active ETF accounts for about 0.5% of Highland Financial Advisors LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. CX Institutional bought a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $76,000. Centennial Bank AR lifted its position in iShares Short Maturity Municipal Bond Active ETF by 23.6% during the 1st quarter. Centennial Bank AR now owns 2,139 shares of the company’s stock worth $108,000 after buying an additional 409 shares in the last quarter. Planning Strategies Inc. bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth about $108,000. Friedenthal Financial bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the 1st quarter worth about $134,000. Finally, Blueline Advisors LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF in the 3rd quarter valued at about $146,000.

iShares Short Maturity Municipal Bond Active ETF Trading Down 0.1%

MEAR traded down $0.03 during midday trading on Monday, hitting $49.81. The company had a trading volume of 368,514 shares, compared to its average volume of 206,360. iShares Short Maturity Municipal Bond Active ETF has a twelve month low of $49.48 and a twelve month high of $50.79. The firm’s 50-day simple moving average is $49.94 and its 200-day simple moving average is $50.15.

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.