PNC Financial Services Group Inc. lowered its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 2.1% during the first quarter, Holdings Channel reports. The firm owned 7,185,272 shares of the exchange traded fund’s stock after selling 150,886 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares National Muni Bond ETF were worth $762,717,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its holdings in iShares National Muni Bond ETF by 11.3% in the fourth quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock worth $4,000,539,000 after purchasing an additional 3,779,406 shares in the last quarter. Wellington Management Group LLP bought a new position in iShares National Muni Bond ETF during the third quarter valued at about $387,198,000. Allstate Corp raised its holdings in iShares National Muni Bond ETF by 173.3% during the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock valued at $323,088,000 after buying an additional 1,912,851 shares in the last quarter. Betterment LLC lifted its position in shares of iShares National Muni Bond ETF by 9.5% in the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after buying an additional 1,646,689 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its position in shares of iShares National Muni Bond ETF by 13.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock worth $915,710,000 after buying an additional 1,037,682 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
iShares National Muni Bond ETF Trading Down 0.2%
MUB opened at $106.17 on Wednesday. The stock has a 50-day moving average of $106.93 and a 200-day moving average of $107.21. iShares National Muni Bond ETF has a 52-week low of $103.34 and a 52-week high of $109.00.
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). 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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