iShares High Yield Muni Income Active ETF (BATS:HYMU) Stock Cross Above 200 Day Moving Average – Here’s Why

iShares High Yield Muni Income Active ETF (BATS:HYMU) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.86 and traded as high as $23.21. iShares High Yield Muni Income Active ETF shares last traded at $23.21, with a volume of 26,379 shares.

iShares High Yield Muni Income Active ETF Stock Performance

The stock has a 50-day moving average price of $22.99 and a 200-day moving average price of $22.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Helen Stephens Group LLC bought a new position in iShares High Yield Muni Income Active ETF during the second quarter worth $450,000. Prentice Wealth Management LLC raised its position in shares of iShares High Yield Muni Income Active ETF by 32.8% in the 2nd quarter. Prentice Wealth Management LLC now owns 226,182 shares of the company’s stock worth $5,121,000 after acquiring an additional 55,865 shares in the last quarter. Premier Path Wealth Partners LLC acquired a new position in shares of iShares High Yield Muni Income Active ETF in the 2nd quarter valued at about $625,000. Quotient Wealth Partners LLC boosted its position in shares of iShares High Yield Muni Income Active ETF by 6.5% during the 2nd quarter. Quotient Wealth Partners LLC now owns 230,130 shares of the company’s stock valued at $5,210,000 after purchasing an additional 13,980 shares in the last quarter. Finally, Americana Partners LLC acquired a new stake in iShares High Yield Muni Income Active ETF during the second quarter worth approximately $513,000.

iShares High Yield Muni Income Active ETF Company Profile

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.