iShares High Yield Muni Income Active ETF (BATS:HYMU) Trading Up 0.1% – Here’s What Happened

iShares High Yield Muni Income Active ETF (BATS:HYMU) shares were up 0.1% during trading on Tuesday . The stock traded as high as $22.81 and last traded at $22.75. Approximately 205,882 shares changed hands during mid-day trading, an increase of 126% from the average daily volume of 90,949 shares. The stock had previously closed at $22.73.

iShares High Yield Muni Income Active ETF Price Performance

The firm’s 50-day moving average is $22.83 and its 200 day moving average is $22.92.

iShares High Yield Muni Income Active ETF Cuts Dividend

The business also recently disclosed 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 Investors Weigh In On iShares High Yield Muni Income Active ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HYMU. Tolleson Wealth Management Inc. bought a new stake in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $1,531,000. JPMorgan Chase & Co. lifted its position in iShares High Yield Muni Income Active ETF by 22.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 328,575 shares of the company’s stock worth $7,616,000 after buying an additional 59,383 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new stake in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $348,000. Cary Street Partners Financial LLC bought a new stake in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $202,000. Finally, Redwood Investment Management LLC bought a new stake in iShares High Yield Muni Income Active ETF during the 4th quarter worth about $201,000.

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.