For the 32nd straight week, municipal bond funds reported inflows, according to Lipper data released Thursday.
Weekly reporting funds saw $1.212 billion of inflows in the week ended May 11, after inflows of $709.727 million in the previous week, Lipper said.
The four-week moving average remained positive at $912.861 million after being in the green at $725.712 million in the previous week. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds also experienced inflows, gaining $805.057 million in the latest week after inflows of $446.7076 million in the previous week. Intermediate-term funds had inflows of $237.402 million after inflows of $213.161 million in the prior week.
National funds had inflows of $1.062 billion on top of inflows of $595.642 million in the previous week. High-yield muni funds reported inflows of $309.525 million in the latest reporting week, after inflows of $131.628 million the previous week.
Exchange traded funds saw inflows of $137.910 million, after inflows of $103.057 million in the previous week.
