Sequoia Financial Advisors LLC boosted its position in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 11.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,977,019 shares of the exchange traded fund’s stock after purchasing an additional 210,628 shares during the period. iShares National Muni Bond ETF comprises 1.2% of Sequoia Financial Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Sequoia Financial Advisors LLC owned approximately 0.48% of iShares National Muni Bond ETF worth $209,861,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Investment Consultants LLC increased its position in shares of iShares National Muni Bond ETF by 2.1% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,567 shares of the exchange traded fund’s stock valued at $489,000 after buying an additional 94 shares in the last quarter. Princeton Global Asset Management LLC boosted its position in shares of iShares National Muni Bond ETF by 8.4% in the 4th quarter. Princeton Global Asset Management LLC now owns 1,257 shares of the exchange traded fund’s stock worth $135,000 after buying an additional 97 shares in the last quarter. Financial Sense Advisors Inc. boosted its position in shares of iShares National Muni Bond ETF by 1.4% in the 4th quarter. Financial Sense Advisors Inc. now owns 6,824 shares of the exchange traded fund’s stock worth $731,000 after buying an additional 97 shares in the last quarter. Silver Oak Securities Incorporated grew its stake in iShares National Muni Bond ETF by 6.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,657 shares of the exchange traded fund’s stock valued at $176,000 after acquiring an additional 99 shares during the last quarter. Finally, Graybill Wealth Management LTD. grew its stake in iShares National Muni Bond ETF by 1.6% in the 3rd quarter. Graybill Wealth Management LTD. now owns 6,457 shares of the exchange traded fund’s stock valued at $688,000 after acquiring an additional 100 shares during the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.
iShares National Muni Bond ETF Stock Performance
NYSEARCA:MUB traded up $0.07 during mid-day trading on Friday, hitting $107.01. 1,752,480 shares of the company’s stock traded hands, compared to its average volume of 3,668,951. The firm’s 50 day simple moving average is $106.97 and its 200 day simple moving average is $107.22. iShares National Muni Bond ETF has a 1 year low of $103.14 and a 1 year high of $109.00.
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). The Index measures the performance of the investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.
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