iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares National Muni Bond ETF (NYSEARCA:MUB) saw strong trading volume on Friday. 9,113,434 shares changed hands during mid-day trading, an increase of 66% from the previous session’s volume of 5,480,122 shares. The stock last traded at $101.0610 and had previously closed at $100.74.

iShares National Muni Bond ETF Trading Up 0.3%

The stock’s 50-day simple moving average is $103.81 and its two-hundred day simple moving average is $105.73.

Institutional Trading of iShares National Muni Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC increased its stake in iShares National Muni Bond ETF by 21.5% in the first quarter. Checchi Capital Advisers LLC now owns 47,229 shares of the exchange traded fund’s stock valued at $5,013,000 after acquiring an additional 8,356 shares during the period. CX Institutional lifted its stake in iShares National Muni Bond ETF by 6.9% during the third quarter. CX Institutional now owns 253,468 shares of the exchange traded fund’s stock worth $25,626,000 after purchasing an additional 16,427 shares during the period. Triad Wealth Partners LLC grew its stake in shares of iShares National Muni Bond ETF by 44.0% in the 1st quarter. Triad Wealth Partners LLC now owns 100,580 shares of the exchange traded fund’s stock valued at $10,677,000 after purchasing an additional 30,724 shares during the period. Vicus Capital lifted its holdings in shares of iShares National Muni Bond ETF by 4.1% during the first quarter. Vicus Capital now owns 183,680 shares of the exchange traded fund’s stock valued at $19,498,000 after acquiring an additional 7,189 shares during the period. Finally, First Heartland Consultants Inc. acquired a new stake in shares of iShares National Muni Bond ETF in the 3rd quarter valued at $2,296,000. Institutional investors own 90.19% of the company’s stock.

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). 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.