iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 12-Month High – Here’s Why

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $50.55 and last traded at $50.71, with a volume of 391200 shares trading hands. The stock had previously closed at $50.41.

iShares Short Duration Bond Active ETF Stock Performance

The business has a fifty day simple moving average of $50.64 and a 200 day simple moving average of $50.74.

iShares Short Duration Bond Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1802 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares Short Duration Bond Active ETF

Several large investors have recently bought and sold shares of NEAR. Bramshill Investments LLC grew its stake in shares of iShares Short Duration Bond Active ETF by 8.7% in the 4th quarter. Bramshill Investments LLC now owns 3,223,956 shares of the company’s stock worth $162,810,000 after acquiring an additional 258,816 shares in the last quarter. Clearwater Capital Advisors LLC grew its position in iShares Short Duration Bond Active ETF by 5.9% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,551,764 shares of the company’s stock worth $128,864,000 after purchasing an additional 143,128 shares in the last quarter. LPL Financial LLC grew its position in iShares Short Duration Bond Active ETF by 7.0% in the 4th quarter. LPL Financial LLC now owns 2,193,609 shares of the company’s stock worth $110,777,000 after purchasing an additional 142,965 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Short Duration Bond Active ETF by 21.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,943,763 shares of the company’s stock valued at $98,160,000 after buying an additional 342,089 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of iShares Short Duration Bond Active ETF during the 4th quarter worth approximately $67,220,000.

About iShares Short Duration Bond Active ETF

The iShares Short Maturity Bond ETF (NEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund aims to maximize income and preserve capital using very short maturity, USD-denominated global fixed income securities in an actively-managed fund. NEAR was launched on Sep 25, 2013 and is managed by BlackRock.