iShares National Muni Bond ETF (NYSEARCA:MUB) Hits New 52-Week Low – Here’s Why

iShares National Muni Bond ETF (NYSEARCA:MUB)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $105.00 and last traded at $105.52, with a volume of 308651 shares trading hands. The stock had previously closed at $105.65.

iShares National Muni Bond ETF Stock Down 0.1 %

The business has a 50 day simple moving average of $107.10 and a 200 day simple moving average of $107.49.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Seaside Wealth Management Inc. lifted its position in iShares National Muni Bond ETF by 4.1% during the 4th quarter. Seaside Wealth Management Inc. now owns 65,064 shares of the exchange traded fund’s stock worth $6,933,000 after acquiring an additional 2,578 shares during the period. Ullmann Wealth Partners Group LLC raised its stake in shares of iShares National Muni Bond ETF by 3.6% in the fourth quarter. Ullmann Wealth Partners Group LLC now owns 30,871 shares of the exchange traded fund’s stock worth $3,289,000 after purchasing an additional 1,073 shares during the last quarter. StrongBox Wealth LLC acquired a new stake in shares of iShares National Muni Bond ETF during the fourth quarter worth about $294,000. Contravisory Investment Management Inc. lifted its holdings in shares of iShares National Muni Bond ETF by 10,575.0% during the fourth quarter. Contravisory Investment Management Inc. now owns 427 shares of the exchange traded fund’s stock worth $45,000 after purchasing an additional 423 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management increased its holdings in iShares National Muni Bond ETF by 5.9% in the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 6,112 shares of the exchange traded fund’s stock worth $651,000 after buying an additional 343 shares during the period.

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).