BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Sets New 52-Week High Following Dividend Announcement

BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR)’s stock price hit a new 52-week high during mid-day trading on Monday after the company announced a dividend. The company traded as high as $50.18 and last traded at $49.99, with a volume of 179181 shares trading hands. The stock had previously closed at $50.15.

The newly announced dividend which will be paid on Friday, July 5th. Investors of record on Monday, July 1st will be given a $0.1434 dividend. The ex-dividend date is Monday, July 1st.

BlackRock Short Maturity Municipal Bond ETF Price Performance

The company’s 50 day simple moving average is $50.07 and its 200-day simple moving average is $50.05.

Institutional Investors Weigh In On BlackRock Short Maturity Municipal Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC grew its position in BlackRock Short Maturity Municipal Bond ETF by 1,015.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 1,241,135 shares of the company’s stock valued at $61,821,000 after acquiring an additional 1,129,876 shares during the last quarter. Cross Staff Investments Inc purchased a new stake in shares of BlackRock Short Maturity Municipal Bond ETF during the fourth quarter valued at $400,000. ORG Partners LLC bought a new position in shares of BlackRock Short Maturity Municipal Bond ETF in the fourth quarter worth about $75,000. Hirtle Callaghan & Co LLC bought a new position in shares of BlackRock Short Maturity Municipal Bond ETF in the fourth quarter worth about $356,000. Finally, Integrated Investment Consultants LLC purchased a new position in BlackRock Short Maturity Municipal Bond ETF in the 4th quarter worth about $4,319,000.

BlackRock Short Maturity Municipal Bond ETF Company 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.