iShares High Yield Muni Active ETF (BATS:HIMU) Reaches New 1-Year Low – Should You Sell?

iShares High Yield Muni Active ETF (BATS:HIMU)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $46.57 and last traded at $46.5820, with a volume of 215239 shares. The stock had previously closed at $46.74.

iShares High Yield Muni Active ETF Price Performance

The stock’s 50-day simple moving average is $47.98 and its 200 day simple moving average is $48.48.

Hedge Funds Weigh In On iShares High Yield Muni Active ETF

A number of hedge funds have recently made changes to their positions in HIMU. Arkadios Wealth Advisors raised its position in iShares High Yield Muni Active ETF by 14.5% in the first quarter. Arkadios Wealth Advisors now owns 13,243 shares of the company’s stock valued at $635,000 after purchasing an additional 1,673 shares during the period. Bessemer Group Inc. purchased a new position in shares of iShares High Yield Muni Active ETF during the first quarter worth $144,000. Manning & Napier Advisors LLC acquired a new stake in shares of iShares High Yield Muni Active ETF in the first quarter valued at $255,000. Ascentis Independent Advisors acquired a new stake in shares of iShares High Yield Muni Active ETF in the first quarter valued at $33,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of iShares High Yield Muni Active ETF by 5.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 121,906 shares of the company’s stock valued at $5,849,000 after buying an additional 5,757 shares during the period.

About iShares High Yield Muni Active ETF

The iShares High Yield Muni Active ETF (HIMU) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is actively managed, seeking to provide a high level of income exempt from federal income tax through high-yield US municipal bonds. HIMU was launched on Feb 7, 2025 and is issued by BlackRock.