iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 1-Year Low – Time to Sell?

Shares of iShares National Muni Bond ETF (NYSEARCA:MUB) hit a new 52-week low on Wednesday . The company traded as low as $104.71 and last traded at $104.84, with a volume of 4817306 shares changing hands. The stock had previously closed at $105.35.

iShares National Muni Bond ETF Trading Up 0.5 %

The business has a 50-day simple moving average of $106.45 and a 200-day simple moving average of $107.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MUB. Allspring Global Investments Holdings LLC boosted its holdings in iShares National Muni Bond ETF by 719.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 108,460 shares of the exchange traded fund’s stock valued at $11,561,000 after purchasing an additional 95,221 shares during the period. Principal Financial Group Inc. grew its position in iShares National Muni Bond ETF by 6.4% during the fourth quarter. Principal Financial Group Inc. now owns 2,578 shares of the exchange traded fund’s stock worth $275,000 after buying an additional 156 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in iShares National Muni Bond ETF by 14.5% during the fourth quarter. Joel Isaacson & Co. LLC now owns 38,576 shares of the exchange traded fund’s stock valued at $4,110,000 after acquiring an additional 4,892 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of iShares National Muni Bond ETF by 158.5% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,319 shares of the exchange traded fund’s stock worth $567,000 after acquiring an additional 3,261 shares during the period. Finally, Appleton Partners Inc. MA increased its position in shares of iShares National Muni Bond ETF by 352.8% during the fourth quarter. Appleton Partners Inc. MA now owns 18,465 shares of the exchange traded fund’s stock valued at $1,967,000 after purchasing an additional 14,387 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).