Phillips Financial Management LLC Sells 9,158 Shares of iShares National Muni Bond ETF $MUB

Phillips Financial Management LLC cut its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 14.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,986 shares of the exchange traded fund’s stock after selling 9,158 shares during the quarter. Phillips Financial Management LLC’s holdings in iShares National Muni Bond ETF were worth $5,745,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MUB. US Bancorp DE grew its stake in shares of iShares National Muni Bond ETF by 34.4% during the 2nd quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock valued at $767,087,000 after acquiring an additional 1,877,664 shares during the period. Allstate Corp grew its stake in shares of iShares National Muni Bond ETF by 91.2% during the 1st quarter. Allstate Corp now owns 3,017,964 shares of the exchange traded fund’s stock valued at $318,214,000 after acquiring an additional 1,439,584 shares during the period. Park Avenue Securities LLC bought a new position in shares of iShares National Muni Bond ETF during the 2nd quarter valued at approximately $116,279,000. Charles Schwab Investment Management Inc. grew its stake in shares of iShares National Muni Bond ETF by 9.6% during the 1st 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 acquiring an additional 802,170 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of iShares National Muni Bond ETF by 57.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,743,638 shares of the exchange traded fund’s stock valued at $183,849,000 after acquiring an additional 633,905 shares during the period. 90.19% of the stock is currently owned by institutional investors.

iShares National Muni Bond ETF Trading Up 0.1%

Shares of NYSEARCA:MUB opened at $107.58 on Wednesday. The stock has a 50 day moving average of $105.77 and a 200 day moving average of $104.52. iShares National Muni Bond ETF has a 12-month low of $100.29 and a 12-month high of $108.60.

iShares National Muni Bond ETF Company 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).