iShares High Yield Muni Income Active ETF (BATS:HYMU) Shares Up 0.1% – Still a Buy?

iShares High Yield Muni Income Active ETF (BATS:HYMU)’s share price rose 0.1% on Thursday . The stock traded as high as $22.4699 and last traded at $22.46. Approximately 153,505 shares changed hands during trading, an increase of 34% from the average daily volume of 114,555 shares. The stock had previously closed at $22.44.

iShares High Yield Muni Income Active ETF Stock Performance

The stock’s fifty day moving average is $22.32 and its 200-day moving average is $22.26.

Institutional Trading of iShares High Yield Muni Income Active ETF

Several hedge funds have recently added to or reduced their stakes in the business. Weitzel Financial Services Inc. bought a new position in iShares High Yield Muni Income Active ETF during the second quarter worth about $209,000. Tsfg LLC bought a new position in iShares High Yield Muni Income Active ETF in the second quarter valued at approximately $50,000. Finally, FourThought Financial Partners LLC raised its holdings in shares of iShares High Yield Muni Income Active ETF by 1.4% during the second quarter. FourThought Financial Partners LLC now owns 112,742 shares of the company’s stock worth $2,515,000 after acquiring an additional 1,520 shares during the period.

iShares High Yield Muni Income Active ETF Company Profile

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.