iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Large Volume Increase – Time to Buy?

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw unusually-strong trading volume on Tuesday . Approximately 3,324,263 shares changed hands during trading, an increase of 496% from the previous session’s volume of 557,558 shares.The stock last traded at $107.1150 and had previously closed at $106.92.

iShares Short-Term National Muni Bond ETF Stock Up 0.2%

The company’s 50 day moving average price is $106.60 and its 200 day moving average price is $106.68.

Institutional Trading of iShares Short-Term National Muni Bond ETF

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake in iShares Short-Term National Muni Bond ETF by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,197,326 shares of the company’s stock worth $552,684,000 after purchasing an additional 870,595 shares in the last quarter. Nisa Investment Advisors LLC raised its position in iShares Short-Term National Muni Bond ETF by 220.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 642,650 shares of the company’s stock valued at $68,622,000 after purchasing an additional 442,145 shares in the last quarter. Crestwood Advisors Group LLC boosted its stake in shares of iShares Short-Term National Muni Bond ETF by 730.8% in the 2nd quarter. Crestwood Advisors Group LLC now owns 397,823 shares of the company’s stock valued at $42,304,000 after buying an additional 349,936 shares during the period. TIAA Trust National Association grew its position in shares of iShares Short-Term National Muni Bond ETF by 9.0% during the second quarter. TIAA Trust National Association now owns 3,412,277 shares of the company’s stock worth $362,861,000 after buying an additional 281,169 shares in the last quarter. Finally, BIP Wealth LLC grew its position in shares of iShares Short-Term National Muni Bond ETF by 338.6% during the third quarter. BIP Wealth LLC now owns 171,057 shares of the company’s stock worth $18,265,000 after buying an additional 132,053 shares in the last quarter.

About iShares Short-Term National Muni Bond ETF

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.