iShares National Muni Bond ETF (NYSEARCA:MUB) Hits New 12-Month Low – Here’s What Happened

iShares National Muni Bond ETF (NYSEARCA:MUB) reached a new 52-week low during trading on Wednesday . The company traded as low as $104.71 and last traded at $104.84, with a volume of 4817306 shares trading hands. The stock had previously closed at $105.35.

iShares National Muni Bond ETF Price Performance

The stock has a fifty day moving average of $106.50 and a two-hundred day moving average of $107.13.

Institutional Trading of iShares National Muni Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its position in shares of iShares National Muni Bond ETF by 719.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 108,460 shares of the exchange traded fund’s stock worth $11,561,000 after purchasing an additional 95,221 shares in the last quarter. Principal Financial Group Inc. increased its stake in iShares National Muni Bond ETF by 6.4% during the 4th quarter. Principal Financial Group Inc. now owns 2,578 shares of the exchange traded fund’s stock worth $275,000 after buying an additional 156 shares during the period. Joel Isaacson & Co. LLC lifted its holdings in iShares National Muni Bond ETF by 14.5% in the 4th quarter. Joel Isaacson & Co. LLC now owns 38,576 shares of the exchange traded fund’s stock worth $4,110,000 after buying an additional 4,892 shares in the last quarter. Ameritas Advisory Services LLC boosted its position in iShares National Muni Bond ETF by 158.5% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,319 shares of the exchange traded fund’s stock valued at $567,000 after buying an additional 3,261 shares during the last quarter. Finally, Appleton Partners Inc. MA boosted its position in iShares National Muni Bond ETF by 352.8% in the 4th quarter. Appleton Partners Inc. MA now owns 18,465 shares of the exchange traded fund’s stock valued at $1,967,000 after buying an additional 14,387 shares during the last quarter.

iShares National Muni Bond ETF Company Profile

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).