iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 12-Month High – Here’s Why

iShares National Muni Bond ETF (NYSEARCA:MUB)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $107.72 and last traded at $107.6150, with a volume of 767698 shares changing hands. The stock had previously closed at $107.55.

iShares National Muni Bond ETF Stock Down 0.0%

The company has a 50-day simple moving average of $107.15 and a 200 day simple moving average of $105.97.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Large investors have recently bought and sold shares of the stock. Wellington Management Group LLP bought a new position in iShares National Muni Bond ETF during the third quarter valued at about $387,198,000. Bank of America Corp DE grew its position in iShares National Muni Bond ETF by 9.9% in the third quarter. Bank of America Corp DE now owns 33,570,415 shares of the exchange traded fund’s stock valued at $3,574,913,000 after acquiring an additional 3,026,165 shares during the period. Fisher Asset Management LLC increased its position in shares of iShares National Muni Bond ETF by 43.0% during the 2nd quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock worth $931,432,000 after purchasing an additional 2,679,139 shares in the last quarter. US Bancorp DE raised its stake in shares of iShares National Muni Bond ETF by 34.4% in the second quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock valued at $767,087,000 after acquiring an additional 1,877,664 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in iShares National Muni Bond ETF by 20.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock valued at $799,905,000 after purchasing an additional 1,261,391 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

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). 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.