iShares High Yield Muni Income Active ETF (BATS:HYMU) Share Price Pass Above 200-Day Moving Average – What’s Next?

iShares High Yield Muni Income Active ETF (BATS:HYMU)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.86 and traded as high as $23.21. iShares High Yield Muni Income Active ETF shares last traded at $23.21, with a volume of 26,379 shares changing hands.

iShares High Yield Muni Income Active ETF Stock Performance

The company has a 50 day moving average price of $22.99 and a two-hundred day moving average price of $22.86.

Hedge Funds Weigh In On iShares High Yield Muni Income Active ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its position in shares of iShares High Yield Muni Income Active ETF by 710.7% in the third quarter. Sunbelt Securities Inc. now owns 3,932 shares of the company’s stock valued at $91,000 after acquiring an additional 3,447 shares in the last quarter. Private Trust Co. NA purchased a new position in iShares High Yield Muni Income Active ETF in the 3rd quarter valued at $25,000. Quotient Wealth Partners LLC boosted its stake in iShares High Yield Muni Income Active ETF by 5.2% during the 3rd quarter. Quotient Wealth Partners LLC now owns 242,044 shares of the company’s stock worth $5,611,000 after purchasing an additional 11,914 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of iShares High Yield Muni Income Active ETF during the third quarter worth $405,000. Finally, Helen Stephens Group LLC grew its holdings in shares of iShares High Yield Muni Income Active ETF by 191.5% during the third quarter. Helen Stephens Group LLC now owns 57,981 shares of the company’s stock worth $1,344,000 after buying an additional 38,092 shares in the last quarter.

About iShares High Yield Muni Income Active ETF

The BlackRock High Yield Muni Income Bond ETF (HYMU) is an exchange-traded fund that is based on the BBG Barc Custom Blend index. The fund is actively managed to provide exposure to primarily high-yield US municipal bonds that are exempt from federal income tax. HYMU was launched on Mar 16, 2021 and is managed by BlackRock.