Valley National Advisers Inc. Sells 8,720 Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Valley National Advisers Inc. cut its holdings in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) by 70.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,680 shares of the company’s stock after selling 8,720 shares during the quarter. Valley National Advisers Inc.’s holdings in iShares Short Maturity Municipal Bond Active ETF were worth $185,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 34.3% during the first quarter. Janney Montgomery Scott LLC now owns 10,733 shares of the company’s stock worth $538,000 after buying an additional 2,743 shares in the last quarter. Evernest Financial Advisors LLC grew its position in iShares Short Maturity Municipal Bond Active ETF by 2.0% during the 3rd quarter. Evernest Financial Advisors LLC now owns 14,527 shares of the company’s stock worth $731,000 after acquiring an additional 282 shares during the last quarter. Global Retirement Partners LLC increased its holdings in iShares Short Maturity Municipal Bond Active ETF by 5.7% in the 3rd quarter. Global Retirement Partners LLC now owns 17,259 shares of the company’s stock worth $868,000 after purchasing an additional 935 shares in the last quarter. Elmwood Wealth Management Inc. raised its position in iShares Short Maturity Municipal Bond Active ETF by 37.6% in the third quarter. Elmwood Wealth Management Inc. now owns 59,405 shares of the company’s stock valued at $2,989,000 after purchasing an additional 16,240 shares during the last quarter. Finally, Webster Bank N. A. raised its position in iShares Short Maturity Municipal Bond Active ETF by 39.1% in the third quarter. Webster Bank N. A. now owns 58,640 shares of the company’s stock valued at $2,950,000 after purchasing an additional 16,494 shares during the last quarter.

iShares Short Maturity Municipal Bond Active ETF Stock Performance

BATS:MEAR opened at $50.18 on Monday. The stock’s 50-day moving average is $50.24 and its 200-day moving average is $50.15. iShares Short Maturity Municipal Bond Active ETF has a 1-year low of $49.62 and a 1-year high of $50.17.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were given a $0.1401 dividend. The ex-dividend date was Tuesday, September 3rd.

iShares Short Maturity Municipal Bond Active ETF 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.