iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Reaches New 1-Year Low – What’s Next?

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) shares hit a new 52-week low on Monday . The stock traded as low as $105.20 and last traded at $105.3250, with a volume of 819304 shares traded. The stock had previously closed at $105.27.

iShares Short-Term National Muni Bond ETF Stock Performance

The company’s fifty day moving average is $106.05 and its 200-day moving average is $106.34.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allstate Corp lifted its stake 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 worth $165,144,000 after purchasing an additional 1,500,244 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of iShares Short-Term National Muni Bond ETF by 2.3% during the fourth quarter. Captrust Financial Advisors now owns 1,252,435 shares of the company’s stock valued at $133,635,000 after buying an additional 27,839 shares during the last quarter. John A. Wolfe & Associates Inc. bought a new stake in shares of iShares Short-Term National Muni Bond ETF in the 4th quarter valued at about $51,951,000. DGS Capital Management LLC grew its position in shares of iShares Short-Term National Muni Bond ETF by 8.0% in the 4th quarter. DGS Capital Management LLC now owns 337,218 shares of the company’s stock worth $35,981,000 after buying an additional 25,067 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of iShares Short-Term National Muni Bond ETF by 23.6% during the 2nd quarter. GAMMA Investing LLC now owns 221,849 shares of the company’s stock worth $23,620,000 after acquiring an additional 42,291 shares in the last quarter.

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.