iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Hits New 12-Month High – What’s Next?

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $108.18 and last traded at $108.18, with a volume of 300 shares trading hands. The stock had previously closed at $106.15.

iShares Short-Term National Muni Bond ETF Stock Performance

The company has a 50 day simple moving average of $106.57 and a 200 day simple moving average of $106.75.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SUB. NewEdge Advisors LLC grew its stake in iShares Short-Term National Muni Bond ETF by 15.0% during the second quarter. NewEdge Advisors LLC now owns 64,591 shares of the company’s stock worth $6,869,000 after buying an additional 8,430 shares during the period. Ameriprise Financial Inc. lifted its holdings 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 valued at $105,252,000 after acquiring an additional 15,207 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of iShares Short-Term National Muni Bond ETF during the 2nd quarter valued at $930,000. WFA of San Diego LLC purchased a new stake in iShares Short-Term National Muni Bond ETF during the 2nd quarter worth $95,000. Finally, Captrust Financial Advisors increased 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 valued at $150,813,000 after purchasing an additional 98,544 shares in 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.