iShares National Muni Bond ETF (NYSEARCA:MUB) Reaches New 52-Week Low – Time to Sell?

iShares National Muni Bond ETF (NYSEARCA:MUB) reached a new 52-week low during trading on Thursday . The company traded as low as $103.99 and last traded at $104.00, with a volume of 7629072 shares. The stock had previously closed at $104.22.

iShares National Muni Bond ETF Stock Performance

The firm’s 50 day moving average is $106.14 and its 200 day moving average is $106.75.

Institutional Trading of iShares National Muni Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MUB. Bank of America Corp DE increased its position in iShares National Muni Bond ETF by 12.8% during 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 acquiring an additional 4,763,839 shares during the last quarter. Betterment LLC increased its position in shares of iShares National Muni Bond ETF by 9.5% during the 4th quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock valued at $2,034,042,000 after purchasing an additional 1,646,689 shares during the last quarter. Creative Planning boosted its holdings in iShares National Muni Bond ETF by 6.9% during the 3rd quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock valued at $1,404,732,000 after acquiring an additional 851,224 shares during the period. LPL Financial LLC grew its stake in iShares National Muni Bond ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock worth $1,188,847,000 after acquiring an additional 632,378 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its stake in iShares National Muni Bond ETF by 10.2% in the fourth quarter. Fisher Asset Management LLC now owns 10,713,817 shares of the exchange traded fund’s stock worth $1,147,557,000 after acquiring an additional 988,044 shares during the period. 90.19% of the stock is currently owned by institutional investors.

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.