Verus Financial Partners Inc. bought a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) during the third quarter, HoldingsChannel reports. The firm bought 8,471 shares of the exchange traded fund’s stock, valued at approximately $856,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in 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 valued at $4,470,365,000 after acquiring 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% in 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 acquiring an additional 880,501 shares during the period. Bank of New York Mellon Corp lifted its position in shares of 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 worth $775,280,000 after acquiring an additional 214,265 shares during the period. Cetera Investment Advisers grew its holdings in shares of iShares National Muni Bond ETF by 14.9% during the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock worth $340,841,000 after purchasing an additional 416,372 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in shares of iShares National Muni Bond ETF by 4.2% during the 1st quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock worth $339,350,000 after purchasing 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 Price Performance
Shares of NYSEARCA:MUB opened at $104.18 on Friday. iShares National Muni Bond ETF has a 1-year low of $100.07 and a 1-year high of $109.00. The business’s 50 day moving average is $102.88 and its 200-day moving average is $105.95.
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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