iShares Short Duration Bond Active ETF (BATS:NEAR) Sets New 12-Month Low – Should You Sell?

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week low during trading on Wednesday . The company traded as low as $50.45 and last traded at $50.46, with a volume of 37608 shares trading hands. The stock had previously closed at $50.66.

iShares Short Duration Bond Active ETF Trading Up 0.1%

The company’s fifty day moving average is $50.66 and its two-hundred day moving average is $50.90.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Short Duration Bond Active ETF by 2,461.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,833,023 shares of the company’s stock worth $195,867,000 after buying an additional 3,683,358 shares during the period. Bank of America Corp DE boosted its holdings in iShares Short Duration Bond Active ETF by 0.6% in the 3rd quarter. Bank of America Corp DE now owns 3,523,153 shares of the company’s stock worth $180,667,000 after acquiring an additional 19,831 shares during the period. Clearwater Capital Advisors LLC boosted its holdings in iShares Short Duration Bond Active ETF by 6.6% in the 1st quarter. Clearwater Capital Advisors LLC now owns 3,117,801 shares of the company’s stock worth $158,493,000 after acquiring an additional 192,930 shares during the period. UBS Group AG grew its position in iShares Short Duration Bond Active ETF by 19.6% in the fourth quarter. UBS Group AG now owns 1,613,264 shares of the company’s stock valued at $82,438,000 after acquiring an additional 264,887 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in iShares Short Duration Bond Active ETF by 11.1% in the first quarter. Cetera Investment Advisers now owns 1,413,521 shares of the company’s stock valued at $71,856,000 after acquiring an additional 141,623 shares in the last quarter.

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.