iShares National Muni Bond ETF (NYSEARCA:MUB – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $104.71 and last traded at $104.84, with a volume of 4817306 shares trading hands. The stock had previously closed at $105.35.
iShares National Muni Bond ETF Price Performance
The company’s 50 day simple moving average is $106.50 and its two-hundred day simple moving average is $107.13.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its position in iShares National Muni Bond ETF by 20.7% during the fourth quarter. Bank of America Corp DE now owns 30,881,189 shares of the exchange traded fund’s stock worth $3,290,391,000 after purchasing an additional 5,297,542 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares National Muni Bond ETF by 5.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 20,358,585 shares of the exchange traded fund’s stock valued at $2,169,207,000 after acquiring an additional 1,138,987 shares in the last quarter. Betterment LLC lifted its position in shares of iShares National Muni Bond ETF by 8.1% in the 4th quarter. Betterment LLC now owns 18,258,259 shares of the exchange traded fund’s stock worth $1,945,417,000 after acquiring an additional 1,371,663 shares during the period. Wells Fargo & Company MN grew its holdings in shares of iShares National Muni Bond ETF by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 10,606,146 shares of the exchange traded fund’s stock worth $1,130,085,000 after purchasing an additional 1,608,092 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of iShares National Muni Bond ETF by 4.2% during the fourth quarter. JPMorgan Chase & Co. now owns 10,105,962 shares of the exchange traded fund’s stock valued at $1,076,790,000 after purchasing an additional 407,750 shares during the period.
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).
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