iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Hits New 1-Year High – Should You Buy?

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.35 and last traded at $107.3250, with a volume of 136377 shares trading hands. The stock had previously closed at $107.24.

iShares Short-Term National Muni Bond ETF Stock Up 0.1%

The firm’s 50 day simple moving average is $106.86 and its 200-day simple moving average is $106.79.

Institutional Trading of iShares Short-Term National Muni Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. Private Wealth Asset Management LLC boosted its position in iShares Short-Term National Muni Bond ETF by 76.3% during the 2nd quarter. Private Wealth Asset Management LLC now owns 2,600 shares of the company’s stock worth $276,000 after acquiring an additional 1,125 shares during the period. Private Trust Co. NA raised its stake in iShares Short-Term National Muni Bond ETF by 167.1% during the 2nd quarter. Private Trust Co. NA now owns 1,851 shares of the company’s stock valued at $197,000 after purchasing an additional 1,158 shares during the last quarter. Curbstone Financial Management Corp increased its stake in iShares Short-Term National Muni Bond ETF by 3.7% in the second quarter. Curbstone Financial Management Corp now owns 37,600 shares of the company’s stock valued at $3,998,000 after acquiring an additional 1,350 shares during the period. Morgan Dempsey Capital Management LLC bought a new position in shares of iShares Short-Term National Muni Bond ETF in the second quarter valued at approximately $221,000. Finally, Salomon & Ludwin LLC raised its stake in shares of iShares Short-Term National Muni Bond ETF by 2.9% in the second quarter. Salomon & Ludwin LLC now owns 599,247 shares of the company’s stock worth $63,680,000 after acquiring an additional 16,773 shares during the last quarter.

About iShares Short-Term National Muni Bond ETF

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.