BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR) Sets New 12-Month High After Dividend Announcement

BlackRock Short Maturity Municipal Bond ETF (BATS:MEAR)’s share price reached 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 traded. The stock had previously closed at $50.15.

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

BlackRock Short Maturity Municipal Bond ETF Trading Down 0.3 %

The business’s fifty day moving average price is $50.07 and its 200-day moving average price is $50.05.

Hedge Funds Weigh In On BlackRock Short Maturity Municipal Bond ETF

Several institutional investors have recently modified their holdings of MEAR. Integrated Wealth Concepts LLC boosted its stake in shares of 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 purchasing an additional 1,129,876 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in BlackRock Short Maturity Municipal Bond ETF during the fourth quarter valued at about $4,319,000. ORG Partners LLC bought a new position in shares of BlackRock Short Maturity Municipal Bond ETF during the fourth quarter valued at about $75,000. Cross Staff Investments Inc purchased a new position in shares of BlackRock Short Maturity Municipal Bond ETF in the fourth quarter worth about $400,000. Finally, Valley Wealth Managers Inc. lifted its stake in shares of BlackRock Short Maturity Municipal Bond ETF by 31.0% in the 4th quarter. Valley Wealth Managers Inc. now owns 846 shares of the company’s stock valued at $42,000 after acquiring an additional 200 shares during the last quarter.

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.