Verus Wealth Management LLC raised its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 4.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,305 shares of the exchange traded fund’s stock after purchasing an additional 5,759 shares during the quarter. iShares National Muni Bond ETF accounts for 8.1% of Verus Wealth Management LLC’s portfolio, making the stock its 2nd largest holding. Verus Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $13,073,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in shares of iShares National Muni Bond ETF by 12.8% in the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after buying an additional 4,763,839 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of iShares National Muni Bond ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after buying an additional 880,501 shares during the period. Bank of New York Mellon Corp boosted its stake in iShares National Muni Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock valued at $775,280,000 after buying an additional 214,265 shares in the last quarter. Cetera Investment Advisers boosted its stake in iShares National Muni Bond ETF by 14.9% in the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after buying an additional 416,372 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in iShares National Muni Bond ETF by 4.2% in the 1st quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after buying an additional 129,497 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors.
iShares National Muni Bond ETF Stock Performance
NYSEARCA:MUB traded up $0.61 during trading hours on Tuesday, reaching $101.77. The company had a trading volume of 31,901,621 shares, compared to its average volume of 5,725,034. The stock has a 50-day moving average of $103.55 and a two-hundred day moving average of $105.63. iShares National Muni Bond ETF has a one year low of $100.07 and a one 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.
Recommended Stories
- Five stocks we like better than iShares National Muni Bond ETF
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Want to see what other hedge funds are holding MUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report).
Receive News & Ratings for iShares National Muni Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares National Muni Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
