iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sees Unusually-High Trading Volume – Here’s What Happened

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) shares saw strong trading volume on Wednesday . 2,880,973 shares changed hands during trading, an increase of 549% from the previous session’s volume of 443,721 shares.The stock last traded at $105.22 and had previously closed at $105.12.

iShares Short-Term National Muni Bond ETF Price Performance

The company has a 50 day moving average price of $105.62 and a 200 day moving average price of $105.62.

Institutional Investors Weigh In On iShares Short-Term National Muni Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Zhang Financial LLC raised its holdings in iShares Short-Term National Muni Bond ETF by 8.0% in the first quarter. Zhang Financial LLC now owns 71,219 shares of the company’s stock worth $7,521,000 after purchasing an additional 5,301 shares during the period. Exchange Bank lifted its holdings in shares of iShares Short-Term National Muni Bond ETF by 4.6% during the 1st quarter. Exchange Bank now owns 8,655 shares of the company’s stock valued at $914,000 after purchasing an additional 379 shares in the last quarter. Magnolia Private Wealth LLC bought a new position in iShares Short-Term National Muni Bond ETF in the first quarter valued at $255,000. CX Institutional acquired a new position in shares of iShares Short-Term National Muni Bond ETF during the 1st quarter worth about $928,000. Finally, GAMMA Investing LLC raised its holdings in iShares Short-Term National Muni Bond ETF by 27.5% during the first quarter. GAMMA Investing LLC now owns 103,880 shares of the company’s stock worth $10,970,000 after acquiring an additional 22,388 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).