iShares High Yield Muni Income Active ETF (BATS:HYMU) Stock Price Down 3.9% – Here’s What Happened

iShares High Yield Muni Income Active ETF (BATS:HYMU)’s stock price fell 3.9% during mid-day trading on Tuesday . The stock traded as low as $21.33 and last traded at $21.63. 253,258 shares were traded during mid-day trading, an increase of 169% from the average session volume of 94,081 shares. The stock had previously closed at $22.51.

iShares High Yield Muni Income Active ETF Stock Performance

The business’s 50 day simple moving average is $22.79 and its 200 day simple moving average is $22.86.

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 paid a $0.0793 dividend. The ex-dividend date was Monday, February 3rd.

Institutional Trading of iShares High Yield Muni Income Active ETF

Large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. grew its position in iShares High Yield Muni Income Active ETF by 710.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,932 shares of the company’s stock worth $91,000 after acquiring an additional 3,447 shares during the last quarter. Mascagni Wealth Management Inc. acquired a new position in iShares High Yield Muni Income Active ETF in the fourth quarter worth $95,000. Redwood Investment Management LLC bought a new stake in shares of iShares High Yield Muni Income Active ETF during the fourth quarter worth $201,000. Cary Street Partners Financial LLC acquired a new stake in shares of iShares High Yield Muni Income Active ETF in the fourth quarter valued at $202,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $348,000.

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.