iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Unusually-High Trading Volume – Here’s Why

iShares National Muni Bond ETF (NYSEARCA:MUB) saw an uptick in trading volume on Friday . 3,068,198 shares changed hands during mid-day trading, a decline of 16% from the previous session’s volume of 3,643,423 shares.The stock last traded at $105.60 and had previously closed at $105.26.

iShares National Muni Bond ETF Stock Up 0.4%

The company has a 50-day moving average price of $106.88 and a 200 day moving average price of $107.18.

Institutional Investors Weigh In On iShares National Muni Bond ETF

Institutional investors have recently bought and sold shares of the business. Checchi Capital Advisers LLC raised its stake in shares of iShares National Muni Bond ETF by 21.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 47,229 shares of the exchange traded fund’s stock worth $5,013,000 after purchasing an additional 8,356 shares in the last quarter. Aegis Wealth Management Inc. bought a new stake in shares of iShares National Muni Bond ETF in the 4th quarter valued at approximately $552,000. BIP Wealth LLC grew its stake in shares of iShares National Muni Bond ETF by 25.9% in the 4th quarter. BIP Wealth LLC now owns 89,574 shares of the exchange traded fund’s stock valued at $9,594,000 after buying an additional 18,422 shares in the last quarter. Slow Capital Inc. increased its holdings in iShares National Muni Bond ETF by 9.7% in the fourth quarter. Slow Capital Inc. now owns 202,919 shares of the exchange traded fund’s stock worth $21,735,000 after buying an additional 17,960 shares during the last quarter. Finally, Hudson Oak Wealth Advisory LLC acquired a new position in iShares National Muni Bond ETF in the fourth quarter worth approximately $1,688,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.

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.