iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 52-Week Low – Here’s What Happened

iShares National Muni Bond ETF (NYSEARCA:MUB)’s share price reached a new 52-week low on Wednesday . The stock traded as low as $102.56 and last traded at $102.3650, with a volume of 464165 shares traded. The stock had previously closed at $102.75.

iShares National Muni Bond ETF Price Performance

The stock’s 50-day simple moving average is $105.01 and its 200-day simple moving average is $106.25.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Institutional investors have recently modified their holdings of the business. Security National Bank of SO Dak bought a new position in shares of iShares National Muni Bond ETF in the second quarter worth approximately $37,000. Robinson Capital Management LLC bought a new stake in iShares National Muni Bond ETF during the second quarter valued at approximately $3,766,000. Sequoia Financial Advisors LLC grew its stake in iShares National Muni Bond ETF by 7.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 2,128,656 shares of the exchange traded fund’s stock worth $229,086,000 after buying an additional 151,637 shares in the last quarter. Tidal Investments LLC grew its stake in iShares National Muni Bond ETF by 35.3% in the 2nd quarter. Tidal Investments LLC now owns 80,521 shares of the exchange traded fund’s stock worth $8,643,000 after buying an additional 20,996 shares in the last quarter. Finally, MCF Advisors LLC increased its holdings in shares of iShares National Muni Bond ETF by 38.5% in the 2nd quarter. MCF Advisors LLC now owns 33,569 shares of the exchange traded fund’s stock worth $3,613,000 after buying an additional 9,328 shares during the last quarter. 90.19% of the stock is owned by institutional investors.

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.