iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Unusually-High Trading Volume – Time to Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB) saw unusually-strong trading volume on Wednesday . Approximately 8,178,672 shares traded hands during trading, an increase of 111% from the previous session’s volume of 3,877,695 shares.The stock last traded at $100.61 and had previously closed at $102.37.

iShares National Muni Bond ETF Price Performance

The business’s fifty day simple moving average is $106.13 and its 200 day simple moving average is $106.84.

Institutional Trading of iShares National Muni Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in iShares National Muni Bond ETF by 20.7% in 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 acquiring an additional 5,297,542 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares National Muni Bond ETF by 5.9% in the fourth 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 buying an additional 1,138,987 shares during the last quarter. Betterment LLC boosted its holdings in shares of iShares National Muni Bond ETF by 8.1% during the fourth quarter. Betterment LLC now owns 18,258,259 shares of the exchange traded fund’s stock valued at $1,945,417,000 after acquiring an additional 1,371,663 shares during the period. GAMMA Investing LLC grew its position in shares of iShares National Muni Bond ETF by 11,651.4% during the first quarter. GAMMA Investing LLC now owns 13,444,444 shares of the exchange traded fund’s stock worth $1,417,582,000 after acquiring an additional 13,330,037 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in iShares National Muni Bond ETF by 17.9% in 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 during the last quarter.

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).