iShares Short Duration Bond Active ETF (BATS:NEAR) Hits New 1-Year High – Should You Buy?

iShares Short Duration Bond Active ETF (BATS:NEAR)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.55 and last traded at $50.54, with a volume of 391200 shares trading hands. The stock had previously closed at $50.41.

iShares Short Duration Bond Active ETF Stock Up 0.3 %

The company’s fifty day moving average price is $50.57 and its 200-day moving average price is $50.77.

iShares Short Duration Bond Active ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1953 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NEAR. Financial Avengers Inc. bought a new position in iShares Short Duration Bond Active ETF in the third quarter worth about $26,000. Aptus Capital Advisors LLC acquired a new position in iShares Short Duration Bond Active ETF during the 3rd quarter valued at about $30,000. Hoese & Co LLP purchased a new stake in shares of iShares Short Duration Bond Active ETF during the fourth quarter worth about $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of iShares Short Duration Bond Active ETF during the fourth quarter valued at about $44,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Short Duration Bond Active ETF in the 4th quarter valued at approximately $45,000.

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.