iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 12-Month High – Should You Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $107.72 and last traded at $107.6150, with a volume of 767698 shares traded. The stock had previously closed at $107.55.

iShares National Muni Bond ETF Price Performance

The stock’s 50 day moving average is $107.11 and its two-hundred day moving average is $105.92.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in iShares National Muni Bond ETF during the 2nd quarter worth approximately $26,000. Turning Point Benefit Group Inc. bought a new stake in shares of iShares National Muni Bond ETF in the third quarter worth $26,000. Total Investment Management Inc. bought a new stake in shares of iShares National Muni Bond ETF in the second quarter worth $33,000. Imprint Wealth LLC acquired a new position in iShares National Muni Bond ETF during the third quarter worth $35,000. Finally, Inlight Wealth Management LLC bought a new position in iShares National Muni Bond ETF in the third quarter valued at $37,000. 90.19% of the stock is owned by institutional investors and hedge funds.

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.