iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Strong Trading Volume – Here’s What Happened

Shares of iShares National Muni Bond ETF (NYSEARCA:MUB) saw strong trading volume on Thursday . Approximately 7,841,246 shares changed hands during trading, an increase of 97% from the previous session’s volume of 3,989,848 shares.The stock last traded at $102.9250 and had previously closed at $103.48.

iShares National Muni Bond ETF Stock Performance

The company’s 50-day moving average price is $105.78 and its 200 day moving average price is $106.60.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Large investors have recently added to or reduced their stakes in the company. Karpus Management Inc. purchased a new position in shares of iShares National Muni Bond ETF in the fourth quarter valued at about $25,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares National Muni Bond ETF during the 1st quarter worth approximately $26,000. IMG Wealth Management Inc. raised its holdings in shares of iShares National Muni Bond ETF by 79.9% during the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 107 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new stake in iShares National Muni Bond ETF during the third quarter valued at $26,000. Finally, Asset Dedication LLC raised its position in shares of iShares National Muni Bond ETF by 9,833.3% during the 1st quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 295 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

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.