Traders Purchase Large Volume of iShares National Muni Bond ETF Call Options (NYSEARCA:MUB)

iShares National Muni Bond ETF (NYSEARCA:MUB) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 4,236 call options on the company. This represents an increase of approximately 76% compared to the average volume of 2,410 call options.

Institutional Trading of iShares National Muni Bond ETF

Several large investors have recently modified their holdings of MUB. Keel Point LLC grew its stake in iShares National Muni Bond ETF by 17.1% during the third quarter. Keel Point LLC now owns 9,278 shares of the exchange traded fund’s stock worth $988,000 after buying an additional 1,352 shares in the last quarter. Lindenwold Advisors INC lifted its holdings in shares of iShares National Muni Bond ETF by 8.6% during the 3rd quarter. Lindenwold Advisors INC now owns 105,536 shares of the exchange traded fund’s stock worth $11,239,000 after acquiring an additional 8,376 shares during the period. Harbour Investment Management LLC boosted its position in shares of iShares National Muni Bond ETF by 27.1% during the 3rd quarter. Harbour Investment Management LLC now owns 6,292 shares of the exchange traded fund’s stock worth $670,000 after acquiring an additional 1,342 shares in the last quarter. Farmers National Bank boosted its position in shares of iShares National Muni Bond ETF by 16.9% during the 3rd quarter. Farmers National Bank now owns 5,257 shares of the exchange traded fund’s stock worth $560,000 after acquiring an additional 759 shares in the last quarter. Finally, Allworth Financial LP increased its stake in iShares National Muni Bond ETF by 3.5% in the third quarter. Allworth Financial LP now owns 392,810 shares of the exchange traded fund’s stock valued at $41,830,000 after acquiring an additional 13,396 shares during the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Trading Up 0.2%

NYSEARCA MUB opened at $106.96 on Friday. The company has a 50 day moving average of $107.15 and a 200-day moving average of $105.62. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $107.72.

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.