Wealthfront Advisers LLC Reduces Stock Position in iShares National Muni Bond ETF $MUB

Wealthfront Advisers LLC cut its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 19.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,395,885 shares of the exchange traded fund’s stock after selling 1,316,517 shares during the period. iShares National Muni Bond ETF makes up approximately 1.5% of Wealthfront Advisers LLC’s holdings, making the stock its 16th largest holding. Wealthfront Advisers LLC owned about 1.48% of iShares National Muni Bond ETF worth $563,762,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in MUB. American Capital Advisory LLC purchased a new position in shares of iShares National Muni Bond ETF during the 1st quarter worth approximately $26,000. Financial Network Wealth Advisors LLC increased its stake in shares of iShares National Muni Bond ETF by 121.9% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 253 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 139 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in shares of iShares National Muni Bond ETF by 2,193.3% during the 1st quarter. Raleigh Capital Management Inc. now owns 344 shares of the exchange traded fund’s stock worth $36,000 after purchasing an additional 329 shares in the last quarter. HFM Investment Advisors LLC purchased a new position in shares of iShares National Muni Bond ETF during the 1st quarter worth approximately $37,000. Finally, Integrity Financial Corp WA increased its stake in shares of iShares National Muni Bond ETF by 55.7% during the 1st quarter. Integrity Financial Corp WA now owns 358 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 128 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

Shares of MUB opened at $107.60 on Friday. The firm has a 50 day simple moving average of $105.98 and a 200-day simple moving average of $104.61. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $108.60.

About iShares National Muni Bond ETF

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).