iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Hits New 1-Year Low – Here’s What Happened

Shares of iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $105.69 and last traded at $105.7050, with a volume of 285227 shares changing hands. The stock had previously closed at $105.83.

iShares Short-Term National Muni Bond ETF Stock Performance

The company has a 50 day moving average price of $106.15 and a 200 day moving average price of $106.42.

Hedge Funds Weigh In On iShares Short-Term National Muni Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in iShares Short-Term National Muni Bond ETF in the fourth quarter valued at $25,000. Rothschild Investment LLC raised its stake in shares of iShares Short-Term National Muni Bond ETF by 13,400.0% during the 4th quarter. Rothschild Investment LLC now owns 405 shares of the company’s stock worth $43,000 after buying an additional 402 shares during the last quarter. Monetary Solutions Ltd acquired a new position in shares of iShares Short-Term National Muni Bond ETF during the 4th quarter worth $54,000. WFA of San Diego LLC purchased a new stake in shares of iShares Short-Term National Muni Bond ETF in the 2nd quarter worth about $95,000. Finally, NBH Bank purchased a new stake in shares of iShares Short-Term National Muni Bond ETF in the 2nd quarter worth about $104,000.

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.