iShares High Yield Muni Income Active ETF (BATS:HYMU) Shares Cross Above 200 Day Moving Average – What’s Next?

iShares High Yield Muni Income Active ETF (BATS:HYMU)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.83 and traded as high as $23.05. iShares High Yield Muni Income Active ETF shares last traded at $22.97, with a volume of 134,471 shares trading hands.

iShares High Yield Muni Income Active ETF Price Performance

The firm’s 50 day simple moving average is $23.00 and its 200-day simple moving average is $22.83.

iShares High Yield Muni Income Active ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a $0.0832 dividend. This is an increase from iShares High Yield Muni Income Active ETF’s previous dividend of $0.08. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares High Yield Muni Income Active ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYMU. Sunbelt Securities Inc. boosted its holdings in iShares High Yield Muni Income Active ETF by 710.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 3,932 shares of the company’s stock valued at $91,000 after purchasing an additional 3,447 shares during the period. Private Trust Co. NA acquired a new position in iShares High Yield Muni Income Active ETF during the 3rd quarter worth about $25,000. Quotient Wealth Partners LLC raised its holdings in iShares High Yield Muni Income Active ETF by 5.2% during the 3rd quarter. Quotient Wealth Partners LLC now owns 242,044 shares of the company’s stock worth $5,611,000 after purchasing an additional 11,914 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of iShares High Yield Muni Income Active ETF in the 3rd quarter valued at about $405,000. Finally, Helen Stephens Group LLC grew its position in shares of iShares High Yield Muni Income Active ETF by 191.5% during the 3rd quarter. Helen Stephens Group LLC now owns 57,981 shares of the company’s stock worth $1,344,000 after buying an additional 38,092 shares during the period.

About iShares High Yield Muni Income Active ETF

The BlackRock High Yield Muni Income Bond ETF (HYMU) is an exchange-traded fund that is based on the BBG Barc Custom Blend index. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. HYMU was launched on Mar 16, 2021 and is managed by BlackRock.