iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 12-Month Low – What’s Next?

iShares National Muni Bond ETF (NYSEARCA:MUB)’s share price reached a new 52-week low on Monday . The stock traded as low as $105.00 and last traded at $105.52, with a volume of 308651 shares trading hands. The stock had previously closed at $105.65.

iShares National Muni Bond ETF Stock Down 0.1 %

The business has a fifty day moving average of $107.10 and a 200-day moving average of $107.49.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wit LLC grew its stake in iShares National Muni Bond ETF by 713.9% in the third quarter. Wit LLC now owns 293 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 257 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of iShares National Muni Bond ETF in the 3rd quarter worth approximately $34,000. Contravisory Investment Management Inc. raised its stake in shares of iShares National Muni Bond ETF by 10,575.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 427 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 423 shares in the last quarter. Cordant Inc. purchased a new stake in iShares National Muni Bond ETF during the third quarter valued at approximately $56,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in iShares National Muni Bond ETF in the third quarter valued at approximately $66,000.

About iShares National Muni Bond ETF

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).