Keystone Financial Group Inc. Buys Shares of 35,671 iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR)

Keystone Financial Group Inc. purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 35,671 shares of the company’s stock, valued at approximately $1,782,000. iShares Short Maturity Municipal Bond Active ETF makes up about 1.4% of Keystone Financial Group Inc.’s holdings, making the stock its 15th largest position. Keystone Financial Group Inc. owned about 0.29% of iShares Short Maturity Municipal Bond Active ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MEAR. Aptus Capital Advisors LLC bought a new position in iShares Short Maturity Municipal Bond Active ETF in the third quarter valued at about $33,000. Capital Investment Advisory Services LLC raised its holdings in iShares Short Maturity Municipal Bond Active ETF by 41.1% in the 4th quarter. Capital Investment Advisory Services LLC now owns 1,990 shares of the company’s stock valued at $99,000 after buying an additional 580 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in iShares Short Maturity Municipal Bond Active ETF during the 3rd quarter worth approximately $201,000. Valley National Advisers Inc. grew its holdings in iShares Short Maturity Municipal Bond Active ETF by 39.9% during the 4th quarter. Valley National Advisers Inc. now owns 5,147 shares of the company’s stock worth $257,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Client 1ST Advisory Group LLC bought a new stake in iShares Short Maturity Municipal Bond Active ETF during the 4th quarter worth approximately $271,000.

iShares Short Maturity Municipal Bond Active ETF Stock Up 0.4 %

MEAR stock opened at $50.16 on Friday. iShares Short Maturity Municipal Bond Active ETF has a 52-week low of $49.62 and a 52-week high of $50.17. The company has a fifty day moving average price of $50.08 and a 200-day moving average price of $50.16.

iShares Short Maturity Municipal Bond Active ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were issued a dividend of $0.1256 per share. The ex-dividend date was Monday, February 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.