iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Unusually-High Trading Volume – Still a Buy?

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) saw strong trading volume on Tuesday . Approximately 679,947 shares were traded during mid-day trading, an increase of 32% from the previous session’s volume of 516,779 shares.The stock last traded at $106.56 and had previously closed at $106.49.

iShares Short-Term National Muni Bond ETF Trading Down 0.0%

The business has a 50-day simple moving average of $106.43 and a 200-day simple moving average of $106.73.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUB. NewEdge Advisors LLC grew its position in shares of iShares Short-Term National Muni Bond ETF by 15.0% in the second quarter. NewEdge Advisors LLC now owns 64,591 shares of the company’s stock valued at $6,869,000 after purchasing an additional 8,430 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares Short-Term National Muni Bond ETF by 1.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 990,029 shares of the company’s stock worth $105,252,000 after purchasing an additional 15,207 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in iShares Short-Term National Muni Bond ETF in the 2nd quarter valued at about $930,000. WFA of San Diego LLC purchased a new position in iShares Short-Term National Muni Bond ETF in the 2nd quarter valued at about $95,000. Finally, Captrust Financial Advisors boosted its holdings in iShares Short-Term National Muni Bond ETF by 7.5% in the 2nd 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.

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.