iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Reaches New 12-Month High – Time to Buy?

Shares of iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) hit a new 52-week high on Tuesday . The stock traded as high as $107.35 and last traded at $107.3250, with a volume of 136377 shares trading hands. The stock had previously closed at $107.24.

iShares Short-Term National Muni Bond ETF Trading Up 0.1%

The business’s fifty day moving average is $106.86 and its 200-day moving average is $106.79.

Institutional Trading of iShares Short-Term National Muni Bond ETF

A number of hedge funds have recently made changes to their positions in the stock. Ellevest Inc. lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 7.0% in the 4th quarter. Ellevest Inc. now owns 159,210 shares of the company’s stock valued at $16,988,000 after purchasing an additional 10,452 shares during the period. Zhang Financial LLC grew its holdings in shares of iShares Short-Term National Muni Bond ETF by 3.5% in the fourth quarter. Zhang Financial LLC now owns 74,231 shares of the company’s stock worth $7,920,000 after acquiring an additional 2,529 shares during the period. Rothschild Investment LLC boosted its holdings in shares of iShares Short-Term National Muni Bond ETF by 13,400.0% in the fourth quarter. Rothschild Investment LLC now owns 405 shares of the company’s stock worth $43,000 after buying an additional 402 shares during the last quarter. Steel Grove Capital Advisors LLC grew its position in shares of iShares Short-Term National Muni Bond ETF by 13.0% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 4,000 shares of the company’s stock valued at $427,000 after acquiring an additional 460 shares during the period. Finally, Allstate Corp raised its stake in shares of iShares Short-Term National Muni Bond ETF by 3,158.4% in the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock worth $165,144,000 after buying an additional 1,500,244 shares during the period.

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.