iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Large Volume Increase – Still a Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB) shares saw an uptick in trading volume on Friday. Approximately 9,113,434 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 5,480,122 shares. The stock last traded at $101.0610 and had previously closed at $100.74.

iShares National Muni Bond ETF Stock Performance

The company’s fifty day moving average price is $103.81 and its two-hundred day moving average price is $105.73.

Institutional Trading of iShares National Muni Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. McNaughton Wealth Management LLC lifted its position in iShares National Muni Bond ETF by 16.7% during the 3rd quarter. McNaughton Wealth Management LLC now owns 34,322 shares of the exchange traded fund’s stock worth $3,470,000 after buying an additional 4,901 shares in the last quarter. Prosperity Planning Inc. increased its position in iShares National Muni Bond ETF by 143.3% in the 3rd quarter. Prosperity Planning Inc. now owns 57,885 shares of the exchange traded fund’s stock valued at $5,852,000 after acquiring an additional 34,098 shares in the last quarter. MKD Wealth Coaches LLC acquired a new stake in iShares National Muni Bond ETF in the 3rd quarter valued at about $2,278,000. ACT Wealth Management LLC raised its stake in shares of iShares National Muni Bond ETF by 12.5% in the third quarter. ACT Wealth Management LLC now owns 10,714 shares of the exchange traded fund’s stock worth $1,083,000 after acquiring an additional 1,193 shares during the last quarter. Finally, Monument Capital Management raised its stake in shares of iShares National Muni Bond ETF by 5.4% in the third quarter. Monument Capital Management now owns 5,811 shares of the exchange traded fund’s stock worth $587,000 after acquiring an additional 298 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

About iShares National Muni Bond ETF

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.