iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Hits New 52-Week High – Here’s What Happened

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $107.45 and last traded at $107.4450, with a volume of 60066 shares traded. The stock had previously closed at $107.39.

iShares Short-Term National Muni Bond ETF Price Performance

The stock has a 50-day simple moving average of $107.01 and a 200 day simple moving average of $106.83.

Institutional Trading of iShares Short-Term National Muni Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in iShares Short-Term National Muni Bond ETF by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 5,309,707 shares of the company’s stock valued at $566,971,000 after purchasing an additional 112,381 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 2nd 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 during the period. Allstate Corp raised its stake in shares of iShares Short-Term National Muni Bond ETF by 3,158.4% during the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock worth $165,144,000 after buying an additional 1,500,244 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of iShares Short-Term National Muni Bond ETF by 7.5% during the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock worth $150,813,000 after buying an additional 98,544 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in iShares Short-Term National Muni Bond ETF by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 1,019,871 shares of the company’s stock valued at $108,598,000 after buying an additional 29,842 shares during the period.

iShares Short-Term National Muni Bond ETF Company Profile

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.