iShares National Muni Bond ETF (NYSEARCA:MUB) Hits New 52-Week High – What’s Next?

iShares National Muni Bond ETF (NYSEARCA:MUB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $108.03 and last traded at $108.0650, with a volume of 140250 shares trading hands. The stock had previously closed at $107.79.

iShares National Muni Bond ETF Trading Up 0.3%

The firm’s fifty day simple moving average is $107.29 and its 200-day simple moving average is $106.45.

Institutional Trading of iShares National Muni Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUB. Turning Point Benefit Group Inc. bought a new position in iShares National Muni Bond ETF during the third quarter valued at about $26,000. Hollencrest Capital Management purchased a new stake in iShares National Muni Bond ETF in the 2nd quarter worth approximately $26,000. Dunhill Financial LLC raised its position in shares of iShares National Muni Bond ETF by 807.1% in the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 226 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in shares of iShares National Muni Bond ETF during the fourth quarter worth about $28,000. Finally, Hantz Financial Services Inc. raised its position in shares of iShares National Muni Bond ETF by 164.1% during the 4th quarter. Hantz Financial Services Inc. now owns 309 shares of the exchange traded fund’s stock valued at $33,000 after buying an additional 192 shares in the last quarter. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Company Profile

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.