iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Hits New 1-Year Low – Here’s What Happened

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $105.69 and last traded at $105.7050, with a volume of 285227 shares. The stock had previously closed at $105.83.

iShares Short-Term National Muni Bond ETF Stock Performance

The business’s 50-day moving average price is $106.18 and its 200 day moving average price is $106.45.

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

A number of hedge funds have recently bought and sold shares of SUB. NewEdge Advisors LLC boosted its stake in shares of iShares Short-Term National Muni Bond ETF by 15.0% during the 2nd quarter. NewEdge Advisors LLC now owns 64,591 shares of the company’s stock valued at $6,869,000 after buying an additional 8,430 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares Short-Term National Muni Bond ETF by 1.6% in the second quarter. Ameriprise Financial Inc. now owns 990,029 shares of the company’s stock worth $105,252,000 after purchasing an additional 15,207 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of iShares Short-Term National Muni Bond ETF in the 2nd quarter valued at approximately $930,000. WFA of San Diego LLC bought a new stake in iShares Short-Term National Muni Bond ETF during the second quarter valued at $95,000. Finally, Captrust Financial Advisors grew its position in shares of iShares Short-Term National Muni Bond ETF by 7.5% during the 2nd quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock valued at $150,813,000 after buying an additional 98,544 shares during the last quarter.

About iShares Short-Term National Muni Bond ETF

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.