iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Strong Trading Volume – Time to Buy?

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw an uptick in trading volume on Wednesday . 766,539 shares were traded during mid-day trading, an increase of 23% from the previous session’s volume of 624,682 shares.The stock last traded at $106.97 and had previously closed at $107.00.

iShares Short-Term National Muni Bond ETF Price Performance

The company’s 50-day moving average price is $107.14 and its 200-day moving average price is $106.85.

Institutional Trading of iShares Short-Term National Muni Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUB. Bank of New York Mellon Corp grew its position in shares of iShares Short-Term National Muni Bond ETF by 2.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,309,707 shares of the company’s stock valued at $566,971,000 after buying an additional 112,381 shares during the last quarter. Allstate Corp boosted its holdings in shares of iShares Short-Term National Muni Bond ETF by 3,158.4% in the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock valued at $165,144,000 after acquiring an additional 1,500,244 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of iShares Short-Term National Muni Bond ETF by 7.5% in the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock valued at $150,813,000 after buying an additional 98,544 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares Short-Term National Muni Bond ETF by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 1,019,871 shares of the company’s stock worth $108,598,000 after buying an additional 29,842 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of iShares Short-Term National Muni Bond ETF by 5.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 674,815 shares of the company’s stock valued at $72,003,000 after buying an additional 32,165 shares during the last quarter.

iShares Short-Term National Muni Bond ETF Company Profile

iShares 2016 AMT-Free Muni Term ETF, formerly iShares S&P Short Term National AMT-Free Municipal Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Short Term National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the short-term 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.