iShares National Muni Bond ETF Target of Unusually Large Options Trading (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) was the target of some unusual options trading on Tuesday. Investors bought 10,088 put options on the stock. This represents an increase of 1,164% compared to the average volume of 798 put options.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in iShares National Muni Bond ETF by 12.8% in the first quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock valued at $4,470,365,000 after purchasing an additional 4,763,839 shares during the last quarter. Wellington Management Group LLP purchased a new stake in iShares National Muni Bond ETF during the 3rd quarter worth approximately $387,198,000. Allstate Corp raised its position in shares of iShares National Muni Bond ETF by 173.3% in the 4th quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock valued at $323,088,000 after purchasing an additional 1,912,851 shares in the last quarter. Betterment LLC raised its position in shares of iShares National Muni Bond ETF by 9.5% in the 4th quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock valued at $2,034,042,000 after purchasing an additional 1,646,689 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares National Muni Bond ETF by 13.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock valued at $915,710,000 after buying an additional 1,037,682 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Down 0.9%

NYSEARCA MUB traded down $0.90 on Tuesday, reaching $104.20. The company had a trading volume of 4,970,101 shares, compared to its average volume of 3,795,967. iShares National Muni Bond ETF has a 1 year low of $103.86 and a 1 year high of $109.00. The firm has a 50-day moving average of $106.27 and a 200-day moving average of $106.81.

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.