iShares National Muni Bond ETF (NYSEARCA:MUB) Reaches New 1-Year Low – Here’s Why

Shares of iShares National Muni Bond ETF (NYSEARCA:MUB) reached a new 52-week low during trading on Wednesday . The company traded as low as $102.56 and last traded at $102.3650, with a volume of 464165 shares. The stock had previously closed at $102.75.

iShares National Muni Bond ETF Stock Performance

The company has a 50 day simple moving average of $105.01 and a 200 day simple moving average of $106.25.

Institutional Investors Weigh In On iShares National Muni Bond ETF

A number of large investors have recently added to or reduced their stakes in MUB. Checchi Capital Advisers LLC raised its position in iShares National Muni Bond ETF by 21.5% in the 1st quarter. Checchi Capital Advisers LLC now owns 47,229 shares of the exchange traded fund’s stock valued at $5,013,000 after buying an additional 8,356 shares during the last quarter. Todd Asset Management LLC purchased a new position in iShares National Muni Bond ETF during the 4th quarter worth $1,676,000. Triad Wealth Partners LLC boosted its holdings in iShares National Muni Bond ETF by 44.0% during the 1st quarter. Triad Wealth Partners LLC now owns 100,580 shares of the exchange traded fund’s stock worth $10,677,000 after acquiring an additional 30,724 shares during the last quarter. Vicus Capital grew its stake in shares of iShares National Muni Bond ETF by 4.1% in the 1st quarter. Vicus Capital now owns 183,680 shares of the exchange traded fund’s stock worth $19,498,000 after acquiring an additional 7,189 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of iShares National Muni Bond ETF by 9.2% in the 1st quarter. Private Advisor Group LLC now owns 295,321 shares of the exchange traded fund’s stock worth $31,348,000 after acquiring an additional 24,932 shares in the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

About iShares National Muni Bond ETF

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.