iShares National Muni Bond ETF (NYSEARCA:MUB) Reaches New 1-Year High – Time to Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $108.00 and last traded at $107.6950, with a volume of 891 shares traded. The stock had previously closed at $107.73.

iShares National Muni Bond ETF Stock Performance

The business has a 50-day moving average of $107.22 and a two-hundred day moving average of $106.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Granite Harbor Advisors Inc. lifted its position in iShares National Muni Bond ETF by 10.1% in the 2nd quarter. Granite Harbor Advisors Inc. now owns 93,593 shares of the exchange traded fund’s stock valued at $9,779,000 after acquiring an additional 8,596 shares in the last quarter. Brookstone Capital Management increased its holdings in iShares National Muni Bond ETF by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 130,663 shares of the exchange traded fund’s stock worth $13,914,000 after purchasing an additional 31,324 shares in the last quarter. Allen Capital Group LLC raised its stake in shares of iShares National Muni Bond ETF by 121.7% in the 3rd quarter. Allen Capital Group LLC now owns 11,413 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 6,265 shares during the period. First Horizon Corp bought a new position in shares of iShares National Muni Bond ETF during the third quarter worth about $3,365,000. Finally, BIP Wealth LLC raised its position in iShares National Muni Bond ETF by 171.2% in the 3rd quarter. BIP Wealth LLC now owns 71,152 shares of the exchange traded fund’s stock valued at $7,577,000 after buying an additional 44,917 shares during the last quarter. Institutional investors own 90.19% of the company’s stock.

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.