iShares National Muni Bond ETF Sees Unusually Large Options Volume (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) was the target of some unusual options trading activity on Wednesday. Traders purchased 4,236 call options on the stock. This is an increase of approximately 76% compared to the typical volume of 2,410 call options.

iShares National Muni Bond ETF Trading Up 0.1%

Shares of NYSEARCA:MUB traded up $0.09 during midday trading on Wednesday, hitting $106.88. 747,197 shares of the company’s stock were exchanged, compared to its average volume of 5,084,906. iShares National Muni Bond ETF has a 12 month low of $100.29 and a 12 month high of $107.72. The stock has a 50 day moving average price of $107.17 and a 200-day moving average price of $105.60.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Several large investors have recently bought and sold shares of MUB. Keel Point LLC increased its stake in shares of iShares National Muni Bond ETF by 17.1% during the 3rd quarter. Keel Point LLC now owns 9,278 shares of the exchange traded fund’s stock worth $988,000 after purchasing an additional 1,352 shares during the last quarter. Lindenwold Advisors INC grew its holdings in iShares National Muni Bond ETF by 8.6% during the third quarter. Lindenwold Advisors INC now owns 105,536 shares of the exchange traded fund’s stock valued at $11,239,000 after purchasing an additional 8,376 shares during the period. Harbour Investment Management LLC increased its position in iShares National Muni Bond ETF by 27.1% in the third quarter. Harbour Investment Management LLC now owns 6,292 shares of the exchange traded fund’s stock worth $670,000 after buying an additional 1,342 shares during the last quarter. Farmers National Bank raised its stake in shares of iShares National Muni Bond ETF by 16.9% in the third quarter. Farmers National Bank now owns 5,257 shares of the exchange traded fund’s stock valued at $560,000 after buying an additional 759 shares during the period. Finally, Allworth Financial LP raised its stake in shares of iShares National Muni Bond ETF by 3.5% in the third quarter. Allworth Financial LP now owns 392,810 shares of the exchange traded fund’s stock valued at $41,830,000 after buying an additional 13,396 shares during the period. 90.19% of the stock is currently owned by institutional investors.

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.