iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 52-Week High – Here’s What Happened

iShares National Muni Bond ETF (NYSEARCA:MUB) reached a new 52-week high on Monday . The stock traded as high as $108.65 and last traded at $108.5950, with a volume of 492244 shares changing hands. The stock had previously closed at $108.54.

iShares National Muni Bond ETF Price Performance

The business has a 50-day moving average of $107.53 and a 200-day moving average of $106.72.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Brighton Jones LLC purchased a new stake in shares of iShares National Muni Bond ETF in the fourth quarter worth approximately $325,000. Revolve Wealth Partners LLC increased its stake in iShares National Muni Bond ETF by 10.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 124,193 shares of the exchange traded fund’s stock worth $13,233,000 after purchasing an additional 11,989 shares during the period. Bison Wealth LLC bought a new stake in shares of iShares National Muni Bond ETF during the fourth quarter worth $516,000. AQR Capital Management LLC lifted its position in shares of iShares National Muni Bond ETF by 21.2% during the first quarter. AQR Capital Management LLC now owns 13,285 shares of the exchange traded fund’s stock worth $1,401,000 after purchasing an additional 2,322 shares during the last quarter. Finally, Ndwm LLC boosted its stake in shares of iShares National Muni Bond ETF by 196.2% during the second quarter. Ndwm LLC now owns 15,808 shares of the exchange traded fund’s stock valued at $1,652,000 after purchasing an additional 10,471 shares during the period. 90.19% of the stock is currently owned by institutional investors.

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.