iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 1-Year Low – Here’s Why

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week low during trading on Friday . The company traded as low as $50.50 and last traded at $50.50, with a volume of 88020 shares traded. The stock had previously closed at $50.59.

iShares Short Duration Bond Active ETF Price Performance

The business has a 50 day moving average of $50.74 and a 200 day moving average of $50.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NEAR. Peapack Gladstone Financial Corp raised its stake in shares of iShares Short Duration Bond Active ETF by 142.1% in the second quarter. Peapack Gladstone Financial Corp now owns 185,057 shares of the company’s stock valued at $9,456,000 after purchasing an additional 108,608 shares in the last quarter. Quantinno Capital Management LP acquired a new position in iShares Short Duration Bond Active ETF during the second quarter worth $500,000. Ausdal Financial Partners Inc. acquired a new position in iShares Short Duration Bond Active ETF during the second quarter worth $278,000. Jane Street Group LLC raised its stake in iShares Short Duration Bond Active ETF by 205.6% during the second quarter. Jane Street Group LLC now owns 45,100 shares of the company’s stock worth $2,305,000 after acquiring an additional 30,340 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in iShares Short Duration Bond Active ETF by 22.3% during the second quarter. Ameriprise Financial Inc. now owns 918,189 shares of the company’s stock worth $46,891,000 after acquiring an additional 167,210 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.