Rye Brook Capital LLC Takes Position in iShares National Muni Bond ETF $MUB

Rye Brook Capital LLC purchased a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the second quarter, HoldingsChannel reports. The institutional investor purchased 4,400 shares of the exchange traded fund’s stock, valued at approximately $460,000. iShares National Muni Bond ETF makes up about 0.5% of Rye Brook Capital LLC’s investment portfolio, making the stock its 21st largest position.

A number of other institutional investors have also recently made changes to their positions in MUB. Allstate Corp grew its holdings in shares of iShares National Muni Bond ETF by 91.2% during the first quarter. Allstate Corp now owns 3,017,964 shares of the exchange traded fund’s stock valued at $318,214,000 after buying an additional 1,439,584 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of iShares National Muni Bond ETF during the second quarter valued at approximately $116,279,000. Silver Oak Securities Incorporated purchased a new stake in shares of iShares National Muni Bond ETF during the first quarter valued at approximately $111,955,000. Charles Schwab Investment Management Inc. grew its holdings in shares of iShares National Muni Bond ETF by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,199,988 shares of the exchange traded fund’s stock valued at $970,047,000 after buying an additional 802,170 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of iShares National Muni Bond ETF by 57.1% during the first quarter. Raymond James Financial Inc. now owns 1,743,638 shares of the exchange traded fund’s stock valued at $183,849,000 after buying an additional 633,905 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Up 0.0%

NYSEARCA:MUB opened at $106.57 on Thursday. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $108.60. The company’s 50 day moving average price is $105.21 and its 200-day moving average price is $104.41.

iShares National Muni Bond ETF Profile

iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index).