Milestone Investment Advisors LLC Raises Position in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Milestone Investment Advisors LLC raised its holdings in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,491 shares of the company’s stock after acquiring an additional 499 shares during the period. Milestone Investment Advisors LLC’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $374,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin Edwards Inc. bought a new position in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $523,000. Stifel Financial Corp grew its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 15.9% in the third quarter. Stifel Financial Corp now owns 40,703 shares of the company’s stock worth $2,048,000 after purchasing an additional 5,574 shares during the last quarter. Jane Street Group LLC increased its stake in shares of iShares Short Maturity Municipal Bond Active ETF by 112.7% in the third quarter. Jane Street Group LLC now owns 20,641 shares of the company’s stock worth $1,039,000 after buying an additional 10,937 shares during the period. MML Investors Services LLC raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 52.6% during the 3rd quarter. MML Investors Services LLC now owns 24,453 shares of the company’s stock valued at $1,230,000 after buying an additional 8,430 shares during the last quarter. Finally, Clarity Asset Management Inc. purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter valued at $4,927,000.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of iShares Short Maturity Municipal Bond Active ETF stock opened at $50.12 on Thursday. The company’s fifty day simple moving average is $50.18 and its two-hundred day simple moving average is $50.15. iShares Short Maturity Municipal Bond Active ETF has a 12-month low of $49.88 and a 12-month high of $51.10.

iShares Short Maturity Municipal Bond Active ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1301 per share. This is a positive change 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.