iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 52-Week Low – Time to Sell?

iShares National Muni Bond ETF (NYSEARCA:MUB)’s stock price reached a new 52-week low on Tuesday. The stock traded as low as $100.17 and last traded at $100.61, with a volume of 27207273 shares trading hands. The stock had previously closed at $101.17.

iShares National Muni Bond ETF Trading Up 0.8%

The business’s 50-day simple moving average is $104.38 and its 200-day simple moving average is $105.98.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. increased its position in iShares National Muni Bond ETF by 5.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,242,985 shares of the exchange traded fund’s stock worth $133,770,000 after buying an additional 67,637 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares National Muni Bond ETF by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after acquiring an additional 880,501 shares during the last quarter. Security National Bank of SO Dak purchased a new stake in shares of iShares National Muni Bond ETF in the second quarter valued at $37,000. Robinson Capital Management LLC acquired a new stake in shares of iShares National Muni Bond ETF during the second quarter valued at $3,766,000. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of iShares National Muni Bond ETF by 7.7% during the second quarter. Sequoia Financial Advisors LLC now owns 2,128,656 shares of the exchange traded fund’s stock valued at $229,086,000 after acquiring an additional 151,637 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

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.