Shares of iShares Intermediate Muni Income Active ETF (NYSEARCA:INMU – Get Free Report) rose 0.4% during mid-day trading on Friday . The company traded as high as $23.70 and last traded at $23.70. Approximately 27,647 shares traded hands during trading, an increase of 299% from the average daily volume of 6,935 shares. The stock had previously closed at $23.59.
iShares Intermediate Muni Income Active ETF Trading Up 0.4 %
The firm has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $23.76.
Institutional Investors Weigh In On iShares Intermediate Muni Income Active ETF
A number of institutional investors and hedge funds have recently modified their holdings of INMU. Massmutual Trust Co. FSB ADV bought a new stake in shares of iShares Intermediate Muni Income Active ETF during the 3rd quarter valued at about $195,000. Truist Financial Corp lifted its position in iShares Intermediate Muni Income Active ETF by 8.4% during the second quarter. Truist Financial Corp now owns 16,114 shares of the company’s stock valued at $379,000 after purchasing an additional 1,251 shares during the last quarter. CWM LLC grew its stake in iShares Intermediate Muni Income Active ETF by 1,508.0% in the 2nd quarter. CWM LLC now owns 20,019 shares of the company’s stock worth $471,000 after buying an additional 18,774 shares in the last quarter. Cyr Financial Inc. bought a new position in shares of iShares Intermediate Muni Income Active ETF in the 2nd quarter worth $751,000. Finally, SimpliFi Inc. purchased a new stake in shares of iShares Intermediate Muni Income Active ETF during the 2nd quarter valued at $1,060,000.
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.
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