iShares National Muni Bond ETF (NYSEARCA:MUB) Sets New 12-Month High – Should You Buy?

iShares National Muni Bond ETF (NYSEARCA:MUB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $107.72 and last traded at $107.6150, with a volume of 767698 shares traded. The stock had previously closed at $107.55.

iShares National Muni Bond ETF Stock Performance

The stock has a 50 day moving average price of $107.11 and a two-hundred day moving average price of $105.92.

Institutional Investors Weigh In On iShares National Muni Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of iShares National Muni Bond ETF in the second quarter valued at about $26,000. Turning Point Benefit Group Inc. acquired a new stake in iShares National Muni Bond ETF in the 3rd quarter worth about $26,000. Total Investment Management Inc. bought a new stake in iShares National Muni Bond ETF in the 2nd quarter valued at about $33,000. Imprint Wealth LLC acquired a new position in shares of iShares National Muni Bond ETF during the 3rd quarter worth approximately $35,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of iShares National Muni Bond ETF during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

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.