BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Hits New 1-Year High – Time to Buy?

BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.19 and last traded at $50.18, with a volume of 49680 shares. The stock had previously closed at $50.16.

BlackRock Short Maturity Municipal Bond ETF Stock Performance

The stock has a fifty day moving average price of $50.24 and a 200 day moving average price of $50.13.

BlackRock Short Maturity Municipal Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a $0.1401 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Arden Trust Co boosted its holdings in BlackRock Short Maturity Municipal Bond ETF by 57.7% during the second quarter. Arden Trust Co now owns 58,085 shares of the company’s stock valued at $2,913,000 after acquiring an additional 21,242 shares during the period. VERITY Wealth Advisors lifted its position in shares of BlackRock Short Maturity Municipal Bond ETF by 53.6% during the 1st quarter. VERITY Wealth Advisors now owns 15,421 shares of the company’s stock worth $773,000 after purchasing an additional 5,383 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in BlackRock Short Maturity Municipal Bond ETF by 34.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,733 shares of the company’s stock valued at $538,000 after purchasing an additional 2,743 shares during the period.

About BlackRock Short Maturity Municipal Bond ETF

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.