Northwestern Mutual Wealth Management Co. Boosts Holdings in iShares Short Duration Bond Active ETF $NEAR

Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Short Duration Bond Active ETF (BATS:NEAR) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,199 shares of the company’s stock after purchasing an additional 18,534 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Short Duration Bond Active ETF were worth $8,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEAR. Kelleher Financial Advisors purchased a new position in shares of iShares Short Duration Bond Active ETF in the third quarter worth about $26,000. Godfrey Financial Associates Inc. purchased a new position in shares of iShares Short Duration Bond Active ETF in the fourth quarter worth about $35,000. MidAtlantic Capital Management Inc. purchased a new position in shares of iShares Short Duration Bond Active ETF in the fourth quarter worth about $46,000. Tower Research Capital LLC TRC purchased a new position in shares of iShares Short Duration Bond Active ETF in the second quarter worth about $76,000. Finally, Maseco LLP purchased a new position in shares of iShares Short Duration Bond Active ETF in the fourth quarter worth about $88,000.

iShares Short Duration Bond Active ETF Price Performance

BATS:NEAR opened at $50.58 on Wednesday. The company’s 50-day moving average price is $50.75 and its 200-day moving average price is $51.00. iShares Short Duration Bond Active ETF has a twelve month low of $50.53 and a twelve month high of $51.37.

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.