iShares National Muni Bond ETF (NYSEARCA:MUB) Hits New 1-Year High – Time to Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB) hit a new 52-week high on Tuesday . The stock traded as high as $108.39 and last traded at $108.3850, with a volume of 926538 shares trading hands. The stock had previously closed at $108.26.

iShares National Muni Bond ETF Stock Up 0.1%

The firm has a 50 day simple moving average of $107.50 and a 200 day simple moving average of $106.66.

Institutional Trading of iShares National Muni Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MUB. Karpus Management Inc. purchased a new stake in shares of iShares National Muni Bond ETF during the fourth quarter worth about $25,000. Turning Point Benefit Group Inc. bought a new position in shares of iShares National Muni Bond ETF during the third quarter valued at approximately $26,000. Hollencrest Capital Management bought a new position in shares of iShares National Muni Bond ETF during the second quarter valued at approximately $26,000. Dunhill Financial LLC lifted its stake in iShares National Muni Bond ETF by 807.1% in the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 226 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new stake in iShares National Muni Bond ETF in the fourth quarter valued at $28,000. 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.