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

Shares of iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw strong trading volume on Tuesday. Approximately 644,330 shares changed hands during trading, an increase of 4% from the previous session’s volume of 618,558 shares. The stock last traded at $104.9650 and had previously closed at $104.85.

iShares Short-Term National Muni Bond ETF Stock Performance

The stock has a 50 day simple moving average of $105.57 and a 200-day simple moving average of $106.09.

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

A number of institutional investors have recently modified their holdings of the stock. John A. Wolfe & Associates Inc. purchased a new position in shares of iShares Short-Term National Muni Bond ETF in the 4th quarter worth about $51,951,000. CX Institutional boosted its stake in iShares Short-Term National Muni Bond ETF by 398.2% in the 3rd quarter. CX Institutional now owns 599,280 shares of the company’s stock worth $62,649,000 after purchasing an additional 478,996 shares in the last quarter. GAMMA Investing LLC boosted its stake in iShares Short-Term National Muni Bond ETF by 23.6% in the 2nd quarter. GAMMA Investing LLC now owns 221,849 shares of the company’s stock worth $23,620,000 after purchasing an additional 42,291 shares in the last quarter. O Domhnaill Enterprises Inc. boosted its stake in iShares Short-Term National Muni Bond ETF by 425.8% in the 1st quarter. O Domhnaill Enterprises Inc. now owns 40,132 shares of the company’s stock worth $4,274,000 after purchasing an additional 32,500 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in iShares Short-Term National Muni Bond ETF by 2.3% during the 4th quarter. Captrust Financial Advisors now owns 1,252,435 shares of the company’s stock valued at $133,635,000 after purchasing an additional 27,839 shares during 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.