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

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw unusually-high trading volume on Thursday. Approximately 857,828 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 653,096 shares. The stock last traded at $105.6850 and had previously closed at $105.41.

iShares Short-Term National Muni Bond ETF Stock Performance

The company has a 50 day moving average of $105.43 and a 200-day moving average of $106.03.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton lifted its position in iShares Short-Term National Muni Bond ETF by 43.1% during the third quarter. Rosenberg Matthew Hamilton now owns 20,494 shares of the company’s stock valued at $2,142,000 after purchasing an additional 6,169 shares during the last quarter. CX Institutional grew its stake in iShares Short-Term National Muni Bond ETF by 398.2% in the 3rd quarter. CX Institutional now owns 599,280 shares of the company’s stock worth $62,649,000 after buying an additional 478,996 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in iShares Short-Term National Muni Bond ETF by 10.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 122,001 shares of the company’s stock worth $12,993,000 after buying an additional 11,319 shares in the last quarter. Root Financial Partners LLC increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 18.8% in the 1st quarter. Root Financial Partners LLC now owns 35,327 shares of the company’s stock worth $3,762,000 after buying an additional 5,584 shares during the last quarter. Finally, OLD Second National Bank of Aurora bought a new position in shares of iShares Short-Term National Muni Bond ETF in the 1st quarter worth $1,116,000.

iShares Short-Term National Muni Bond ETF Company Profile

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.