iShares High Yield Muni Income Active ETF (BATS:HYMU) Trading Up 0.3% – Still a Buy?

iShares High Yield Muni Income Active ETF (BATS:HYMU) traded up 0.3% on Monday . The stock traded as high as $23.01 and last traded at $22.99. 128,614 shares changed hands during trading, The stock had previously closed at $22.92.

iShares High Yield Muni Income Active ETF Stock Performance

The business has a 50-day simple moving average of $22.75 and a 200-day simple moving average of $22.93.

iShares High Yield Muni Income Active ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a $0.0793 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA purchased a new position in shares of iShares High Yield Muni Income Active ETF during the 3rd quarter worth about $25,000. Sunbelt Securities Inc. lifted its stake in 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 worth $91,000 after purchasing an additional 3,447 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares High Yield Muni Income Active ETF by 22.1% during the third quarter. JPMorgan Chase & Co. now owns 328,575 shares of the company’s stock valued at $7,616,000 after buying an additional 59,383 shares during the period. Commonwealth Retirement Investments LLC bought a new position in shares of iShares High Yield Muni Income Active ETF during the fourth quarter valued at approximately $348,000. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of iShares High Yield Muni Income Active ETF in the fourth quarter worth approximately $202,000.

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.