iShares National Muni Bond ETF (NYSEARCA:MUB) Reaches New 1-Year Low – Should You Sell?

iShares National Muni Bond ETF (NYSEARCA:MUB) shares hit a new 52-week low during trading on Thursday . The company traded as low as $102.56 and last traded at $103.1850, with a volume of 210 shares trading hands. The stock had previously closed at $102.82.

iShares National Muni Bond ETF Price Performance

The company’s 50 day simple moving average is $105.34 and its two-hundred day simple moving average is $106.40.

Hedge Funds Weigh In On iShares National Muni Bond ETF

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in iShares National Muni Bond ETF by 12.8% in the first quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock valued at $4,470,365,000 after purchasing an additional 4,763,839 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of iShares National Muni Bond ETF by 6.0% during the 4th quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock valued at $1,188,847,000 after buying an additional 632,378 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of iShares National Muni Bond ETF by 10.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,713,817 shares of the exchange traded fund’s stock valued at $1,147,557,000 after buying an additional 988,044 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of iShares National Muni Bond ETF by 4.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 8,431,113 shares of the exchange traded fund’s stock valued at $903,056,000 after buying an additional 328,494 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of iShares National Muni Bond ETF by 1.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,336,158 shares of the exchange traded fund’s stock valued at $785,776,000 after buying an additional 78,489 shares in the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

About iShares National Muni Bond ETF

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.