iShares National Muni Bond ETF (NYSEARCA:MUB) Sees Strong Trading Volume – Here’s Why

Shares of iShares National Muni Bond ETF (NYSEARCA:MUB) saw unusually-strong trading volume on Wednesday . 8,867,225 shares changed hands during trading, an increase of 108% from the previous session’s volume of 4,255,032 shares.The stock last traded at $102.8630 and had previously closed at $102.87.

iShares National Muni Bond ETF Price Performance

The company has a 50-day simple moving average of $105.42 and a two-hundred day simple moving average of $106.44.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Hedge funds have recently modified their holdings of the company. Bank of America Corp DE increased its holdings in iShares National Muni Bond ETF by 12.8% during the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock valued at $4,470,365,000 after purchasing an additional 4,763,839 shares during the period. LPL Financial LLC boosted its holdings in iShares National Muni Bond ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock valued at $1,188,847,000 after acquiring an additional 632,378 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in iShares National Muni Bond ETF by 10.2% in the fourth quarter. Fisher Asset Management LLC now owns 10,713,817 shares of the exchange traded fund’s stock valued at $1,147,557,000 after acquiring an additional 988,044 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in iShares National Muni Bond ETF by 4.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,431,113 shares of the exchange traded fund’s stock worth $903,056,000 after purchasing an additional 328,494 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of iShares National Muni Bond ETF by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,336,158 shares of the exchange traded fund’s stock worth $785,776,000 after purchasing an additional 78,489 shares during the period. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Company Profile

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.