Shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $103.99 and last traded at $104.00, with a volume of 7629072 shares trading hands. The stock had previously closed at $104.22.
iShares National Muni Bond ETF Stock Performance
The business has a 50-day moving average price of $106.14 and a two-hundred day moving average price of $106.75.
Hedge Funds Weigh In On iShares National Muni Bond ETF
A number of institutional investors have recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in iShares National Muni Bond ETF during the fourth quarter worth about $325,000. Revolve Wealth Partners LLC raised its holdings in iShares National Muni Bond ETF by 10.7% in the 4th quarter. Revolve Wealth Partners LLC now owns 124,193 shares of the exchange traded fund’s stock valued at $13,233,000 after buying an additional 11,989 shares during the last quarter. Bison Wealth LLC acquired a new stake in iShares National Muni Bond ETF in the fourth quarter valued at $516,000. AQR Capital Management LLC lifted its position in shares of iShares National Muni Bond ETF by 21.2% in the 1st 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 period. Finally, Main Street Financial Solutions LLC lifted its stake in iShares National Muni Bond ETF by 5.7% in the second quarter. Main Street Financial Solutions LLC now owns 19,303 shares of the exchange traded fund’s stock valued at $2,017,000 after buying an additional 1,039 shares during the period. 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.
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