iShares National Muni Bond ETF (NYSEARCA:MUB) Reaches New 1-Year Low – Here’s Why

iShares National Muni Bond ETF (NYSEARCA:MUB)’s share price reached a new 52-week low on Wednesday . The company traded as low as $103.89 and last traded at $104.02, with a volume of 7895545 shares traded. The stock had previously closed at $104.03.

iShares National Muni Bond ETF Trading Down 0.0%

The business’s 50 day moving average price is $105.85 and its 200-day moving average price is $106.63.

Institutional Investors Weigh In On iShares National Muni Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Karpus Management Inc. acquired a new position in iShares National Muni Bond ETF during the fourth quarter worth $25,000. IMG Wealth Management Inc. increased its holdings in iShares National Muni Bond ETF by 79.9% in the first quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 107 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in iShares National Muni Bond ETF in the third quarter valued at about $26,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares National Muni Bond ETF during the 1st quarter worth approximately $26,000. Finally, Asset Dedication LLC increased its stake in iShares National Muni Bond ETF by 9,833.3% in the 1st quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 295 shares in the last quarter. Hedge funds and other 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.