iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) Sets New 12-Month High – Here’s Why

iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) reached a new 52-week high during trading on Friday . The company traded as high as $107.32 and last traded at $107.3050, with a volume of 261847 shares changing hands. The stock had previously closed at $107.23.

iShares Short-Term National Muni Bond ETF Stock Performance

The company’s 50 day simple moving average is $106.80 and its two-hundred day simple moving average is $106.76.

Institutional Trading of iShares Short-Term National Muni Bond ETF

Several institutional investors have recently added to or reduced their stakes in SUB. North Star Investment Management Corp. lifted its stake in iShares Short-Term National Muni Bond ETF by 994.7% during the fourth quarter. North Star Investment Management Corp. now owns 24,630 shares of the company’s stock worth $2,628,000 after purchasing an additional 22,380 shares in the last quarter. Rogco LP grew its stake in shares of iShares Short-Term National Muni Bond ETF by 18.7% in the fourth quarter. Rogco LP now owns 26,427 shares of the company’s stock valued at $2,820,000 after buying an additional 4,161 shares in the last quarter. ST Germain D J Co. Inc. raised its holdings in shares of iShares Short-Term National Muni Bond ETF by 10.5% in the 4th quarter. ST Germain D J Co. Inc. now owns 9,741 shares of the company’s stock valued at $1,039,000 after buying an additional 929 shares during the period. Quent Capital LLC lifted its stake in iShares Short-Term National Muni Bond ETF by 16.7% during the 4th quarter. Quent Capital LLC now owns 94,282 shares of the company’s stock worth $10,060,000 after acquiring an additional 13,487 shares in the last quarter. Finally, Field & Main Bank lifted its stake in iShares Short-Term National Muni Bond ETF by 18.4% during the 4th quarter. Field & Main Bank now owns 651 shares of the company’s stock worth $69,000 after acquiring an additional 101 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.