iShares Short Duration Bond Active ETF (BATS:NEAR) Reaches New 1-Year High – Still a Buy?

Shares of iShares Short Duration Bond Active ETF (BATS:NEAR) hit a new 52-week high on Wednesday . The company traded as high as $50.55 and last traded at $50.60, with a volume of 391200 shares traded. The stock had previously closed at $50.41.

iShares Short Duration Bond Active ETF Stock Performance

The company has a 50 day moving average price of $50.58 and a 200-day moving average price of $50.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fortis Advisors LLC boosted its stake in shares of iShares Short Duration Bond Active ETF by 1.6% during the 4th quarter. Fortis Advisors LLC now owns 13,845 shares of the company’s stock valued at $699,000 after purchasing an additional 219 shares in the last quarter. First Citizens Financial Corp lifted its holdings in iShares Short Duration Bond Active ETF by 0.4% in the fourth quarter. First Citizens Financial Corp now owns 62,260 shares of the company’s stock worth $3,144,000 after buying an additional 259 shares during the period. D.A. Davidson & CO. boosted its position in iShares Short Duration Bond Active ETF by 2.7% during the 3rd quarter. D.A. Davidson & CO. now owns 10,760 shares of the company’s stock valued at $551,000 after acquiring an additional 280 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in shares of iShares Short Duration Bond Active ETF by 3.0% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 10,074 shares of the company’s stock worth $509,000 after acquiring an additional 289 shares during the period. Finally, Private Trust Co. NA raised its position in shares of iShares Short Duration Bond Active ETF by 9.3% in the 3rd quarter. Private Trust Co. NA now owns 4,879 shares of the company’s stock worth $250,000 after acquiring an additional 417 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.