iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw unusually-strong trading volume on Tuesday . Approximately 679,947 shares traded hands during mid-day trading, an increase of 32% from the previous session’s volume of 516,779 shares.The stock last traded at $106.56 and had previously closed at $106.49.

iShares Short-Term National Muni Bond ETF Price Performance

The company has a 50 day simple moving average of $106.42 and a 200-day simple moving average of $106.73.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

Hedge funds have recently made changes to their positions in the business. Allstate Corp grew its holdings in shares of iShares Short-Term National Muni Bond ETF by 3,158.4% during the 4th quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock valued at $165,144,000 after purchasing an additional 1,500,244 shares during the last quarter. Captrust Financial Advisors lifted its stake in 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 worth $150,813,000 after purchasing an additional 98,544 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in iShares Short-Term National Muni Bond ETF by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 1,019,871 shares of the company’s stock worth $108,598,000 after purchasing an additional 29,842 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in iShares Short-Term National Muni Bond ETF by 5.0% during 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 period. Finally, Salomon & Ludwin LLC boosted its position in iShares Short-Term National Muni Bond ETF by 4.3% during the fourth quarter. Salomon & Ludwin LLC now owns 663,262 shares of the company’s stock valued at $70,851,000 after buying an additional 27,347 shares during the period.

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.