iShares National Muni Bond ETF (NYSEARCA:MUB) Reaches New 52-Week Low – What’s Next?

iShares National Muni Bond ETF (NYSEARCA:MUB) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $103.89 and last traded at $104.02, with a volume of 7895545 shares. The stock had previously closed at $104.03.

iShares National Muni Bond ETF Price Performance

The business has a fifty day moving average price of $105.85 and a 200 day moving average price of $106.63.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Karpus Management Inc. purchased a new stake in iShares National Muni Bond ETF in the fourth quarter valued at $25,000. MBM Wealth Consultants LLC acquired a new stake in shares of iShares National Muni Bond ETF during the first quarter worth about $26,000. IMG Wealth Management Inc. lifted its holdings in shares of iShares National Muni Bond ETF by 79.9% in the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 107 shares during the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of iShares National Muni Bond ETF in the 3rd quarter valued at about $26,000. Finally, Asset Dedication LLC boosted its position in shares of iShares National Muni Bond ETF by 9,833.3% in the 1st quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.

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.