iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) Trading Up 0.4% – Should You Buy?

iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU) shares shot up 0.4% on Friday . The stock traded as high as $23.70 and last traded at $23.70. 27,647 shares were traded during trading, an increase of 299% from the average session volume of 6,935 shares. The stock had previously closed at $23.59.

iShares Intermediate Muni Income Active ETF Price Performance

The business’s fifty day simple moving average is $23.92 and its 200-day simple moving average is $23.75.

Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. CWM LLC lifted its stake in iShares Intermediate Muni Income Active ETF by 1,508.0% in the second quarter. CWM LLC now owns 20,019 shares of the company’s stock worth $471,000 after acquiring an additional 18,774 shares during the period. NewEdge Advisors LLC raised its holdings in iShares Intermediate Muni Income Active ETF by 10.1% in the 2nd quarter. NewEdge Advisors LLC now owns 52,633 shares of the company’s stock worth $1,239,000 after purchasing an additional 4,820 shares in the last quarter. Truist Financial Corp lifted its position in shares of iShares Intermediate Muni Income Active ETF by 8.4% in the 2nd quarter. Truist Financial Corp now owns 16,114 shares of the company’s stock worth $379,000 after purchasing an additional 1,251 shares during the period. SimpliFi Inc. bought a new stake in shares of iShares Intermediate Muni Income Active ETF during the 2nd quarter valued at about $1,060,000. Finally, StoneCrest Wealth Management Inc. purchased a new position in shares of iShares Intermediate Muni Income Active ETF during the third quarter valued at about $1,554,000.

About iShares Intermediate Muni Income Active ETF

The BlackRock Intermediate Muni Income Bond ETF (INMU) is an exchange-traded fund that is based on the BBG Barc Municipal Bond 1-15Yr index. The BlackRock Intermediate Muni Income Bond ETF (the Fund) seeks to maximize tax-free current income. INMU was launched on Mar 16, 2021 and is managed by BlackRock.