Five Pine Wealth Management Makes New Investment in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Five Pine Wealth Management acquired a new stake in iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 20,549 shares of the company’s stock, valued at approximately $1,026,000. iShares Short Maturity Municipal Bond Active ETF makes up approximately 0.9% of Five Pine Wealth Management’s holdings, making the stock its 20th largest holding.

Several other hedge funds have also added to or reduced their stakes in the business. Rockwood Wealth Management LLC increased its holdings in shares of iShares Short Maturity Municipal Bond Active ETF by 69.7% in the fourth quarter. Rockwood Wealth Management LLC now owns 1,615,967 shares of the company’s stock worth $80,782,000 after acquiring an additional 663,979 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares Short Maturity Municipal Bond Active ETF by 302.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,392,166 shares of the company’s stock worth $70,047,000 after purchasing an additional 1,046,053 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 30.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 1,121,077 shares of the company’s stock worth $56,407,000 after buying an additional 260,890 shares during the period. Foster Group Inc. raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 5.9% during the 4th quarter. Foster Group Inc. now owns 513,551 shares of the company’s stock worth $25,652,000 after buying an additional 28,802 shares during the period. Finally, Stephens Inc. AR lifted its stake in iShares Short Maturity Municipal Bond Active ETF by 4.8% in the third quarter. Stephens Inc. AR now owns 391,345 shares of the company’s stock valued at $19,691,000 after buying an additional 17,804 shares in the last quarter.

iShares Short Maturity Municipal Bond Active ETF Price Performance

Shares of MEAR stock opened at $50.21 on Friday. iShares Short Maturity Municipal Bond Active ETF has a 12-month low of $49.62 and a 12-month high of $50.17. The firm has a fifty day moving average of $50.08 and a 200-day moving average of $50.16.

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.