Ullmann Wealth Partners Group LLC has expanded its investment in the iShares Short Maturity Municipal Bond Active ETF (BATS: MEAR) by 4.6% during the third quarter, according to a recent filing with the Securities and Exchange Commission. The firm now holds a total of 451,989 shares of the ETF, having acquired an additional 19,844 shares over the reporting period. This investment totals approximately $22.83 million, representing 2.5% of Ullmann Wealth Partners’ overall portfolio, making it the firm’s ninth largest position.
Several other institutional investors have also adjusted their holdings in the iShares Short Maturity Municipal Bond Active ETF. Newbridge Financial Services Group Inc. initiated a new stake in the ETF during the second quarter, valued at $29,000. Similarly, Harbor Asset Planning Inc. purchased a position worth about $48,000, while Financial Management Professionals Inc. invested approximately $90,000. Northwestern Mutual Wealth Management Co. also entered the market with a stake valued at $120,000. Notably, Capital Advisors Ltd. LLC significantly increased its position by 370.4% during the same period, now holding 2,921 shares valued at $147,000 after acquiring an additional 2,300 shares.
Current Performance of iShares Short Maturity Municipal Bond ETF
As of Monday, the iShares Short Maturity Municipal Bond Active ETF opened at $50.28. The ETF has a 50-day moving average of $50.35 and a 200-day moving average of $50.36. Over the past year, the ETF has reached a low of $49.44 and a high of $50.51.
The iShares Short Maturity Municipal Bond ETF primarily invests in investment-grade fixed-income securities. Managed by BlackRock, the fund holds a portfolio of actively managed municipal bonds and aims for a weighted average portfolio maturity of three years or less. Launched on March 3, 2015, the ETF is designed to provide investors with exposure to municipal bonds while maintaining a short duration to mitigate interest rate risk.
For those interested in exploring further, investor insights and analysis regarding the iShares Short Maturity Municipal Bond Active ETF can be found through various financial news outlets and platforms that track institutional holdings.
