iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Unusually-High Trading Volume – Should You Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB) saw an uptick in trading volume on Wednesday . 8,178,672 shares were traded during trading, an increase of 111% from the previous session’s volume of 3,877,695 shares.The stock last traded at $100.61 and had previously closed at $102.37.

iShares National Muni Bond ETF Price Performance

The stock has a fifty day moving average price of $105.93 and a two-hundred day moving average price of $106.75.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its stake in shares of iShares National Muni Bond ETF by 20.7% in the fourth quarter. Bank of America Corp DE now owns 30,881,189 shares of the exchange traded fund’s stock valued at $3,290,391,000 after buying an additional 5,297,542 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in iShares National Muni Bond ETF by 5.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 20,358,585 shares of the exchange traded fund’s stock valued at $2,169,207,000 after purchasing an additional 1,138,987 shares during the last quarter. Betterment LLC raised its stake in iShares National Muni Bond ETF by 8.1% during the fourth quarter. Betterment LLC now owns 18,258,259 shares of the exchange traded fund’s stock worth $1,945,417,000 after acquiring an additional 1,371,663 shares during the period. GAMMA Investing LLC increased its position in iShares National Muni Bond ETF by 11,651.4% in the first quarter. GAMMA Investing LLC now owns 13,444,444 shares of the exchange traded fund’s stock worth $1,417,582,000 after buying an additional 13,330,037 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of iShares National Muni Bond ETF by 17.9% in the 4th quarter. Wells Fargo & Company MN now owns 10,606,146 shares of the exchange traded fund’s stock worth $1,130,085,000 after acquiring an additional 1,608,092 shares during the period.

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).