iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Large Volume Increase – Still a Buy?

Shares of iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw unusually-high trading volume on Tuesday. 644,330 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 618,558 shares. The stock last traded at $104.9650 and had previously closed at $104.85.

iShares Short-Term National Muni Bond ETF Stock Down 0.0%

The company’s fifty day simple moving average is $105.53 and its two-hundred day simple moving average is $106.07.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Valley Wealth Managers Inc. bought a new stake in iShares Short-Term National Muni Bond ETF during the 3rd quarter worth approximately $30,000. Monetary Solutions Ltd bought a new position in iShares Short-Term National Muni Bond ETF in the fourth quarter valued at approximately $54,000. NBH Bank bought a new position in iShares Short-Term National Muni Bond ETF in the second quarter valued at approximately $104,000. Miller Global Investments LLC bought a new position in iShares Short-Term National Muni Bond ETF in the third quarter valued at approximately $122,000. Finally, Compass Financial Management LLC acquired a new position in shares of iShares Short-Term National Muni Bond ETF in the second quarter valued at approximately $126,000.

About iShares Short-Term National Muni Bond ETF

iShares 2016 AMT-Free Muni Term ETF, formerly iShares S&P Short Term National AMT-Free Municipal Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Short Term National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the short-term 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.