BlackRock Short Duration Bond ETF (BATS:NEAR) Reaches New 52-Week High Following Dividend Announcement

Shares of BlackRock Short Duration Bond ETF (BATS:NEAR) reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as $50.38 and last traded at $50.09, with a volume of 418280 shares. The stock had previously closed at $50.33.

The newly announced dividend which will be paid on Friday, July 5th. Shareholders of record on Monday, July 1st will be given a dividend of $0.2132 per share. This is an increase from BlackRock Short Duration Bond ETF’s previous dividend of $0.20. The ex-dividend date is Monday, July 1st.

BlackRock Short Duration Bond ETF Price Performance

The company has a fifty day simple moving average of $50.18 and a two-hundred day simple moving average of $50.31.

Hedge Funds Weigh In On BlackRock Short Duration Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NEAR. Tidemark LLC purchased a new position in shares of BlackRock Short Duration Bond ETF during the 4th quarter worth approximately $46,000. Able Wealth Management LLC purchased a new stake in BlackRock Short Duration Bond ETF in the 4th quarter valued at approximately $49,000. Vermillion & White Wealth Management Group LLC acquired a new stake in BlackRock Short Duration Bond ETF during the 4th quarter valued at $72,000. DGS Capital Management LLC increased its position in BlackRock Short Duration Bond ETF by 7.2% during the first quarter. DGS Capital Management LLC now owns 4,883 shares of the company’s stock worth $246,000 after buying an additional 327 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of BlackRock Short Duration Bond ETF in the fourth quarter worth $361,000.

BlackRock Short Duration Bond ETF Company Profile

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.