HighTower Advisors LLC Raises Stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

HighTower Advisors LLC boosted its stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 74.2% in the 4th quarter, Holdings Channel reports. The firm owned 134,286 shares of the company’s stock after acquiring an additional 57,204 shares during the quarter. HighTower Advisors LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $6,708,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Donaldson Capital Management LLC boosted its position in shares of iShares Short Maturity Municipal Bond Active ETF by 56.3% in the fourth quarter. Donaldson Capital Management LLC now owns 62,502 shares of the company’s stock valued at $3,122,000 after acquiring an additional 22,512 shares during the period. Raymond James Financial Inc. purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF during the 4th quarter valued at $1,689,000. Jones Financial Companies Lllp increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 25.7% in the fourth quarter. Jones Financial Companies Lllp now owns 11,215 shares of the company’s stock worth $560,000 after purchasing an additional 2,290 shares during the period. Sharkey Howes & Javer purchased a new stake in shares of iShares Short Maturity Municipal Bond Active ETF in the fourth quarter worth $1,269,000. Finally, Dynasty Wealth Management LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the fourth quarter valued at $7,175,000.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

Shares of BATS MEAR opened at $50.18 on Wednesday. The stock’s 50-day simple moving average is $50.15 and its two-hundred day simple moving average is $50.16. iShares Short Maturity Municipal Bond Active ETF has a twelve month low of $49.88 and a twelve month high of $51.10.

iShares Short Maturity Municipal Bond Active ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a $0.1301 dividend. This is a boost from iShares Short Maturity Municipal Bond Active ETF’s previous dividend of $0.13. The ex-dividend date of this dividend was Monday, March 3rd.

About iShares Short Maturity Municipal Bond Active 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.