Oppenheimer & Co. Inc. purchased a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,016 shares of the exchange traded fund’s stock, valued at approximately $1,923,000.
Several other institutional investors also recently modified their holdings of MUB. Bank of America Corp DE raised its position 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 worth $4,470,365,000 after buying an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares National Muni Bond ETF by 5.3% in the second 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 grew its stake in shares of iShares National Muni Bond ETF by 3.0% in the first 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 stake in shares of iShares National Muni Bond ETF by 14.9% in the first quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock worth $340,841,000 after acquiring an additional 416,372 shares during the period. Finally, Assetmark Inc. raised its holdings in shares of iShares National Muni Bond ETF by 4.2% during the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after purchasing an additional 129,497 shares during the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.
iShares National Muni Bond ETF Stock Performance
Shares of iShares National Muni Bond ETF stock opened at $104.18 on Friday. The company’s 50 day moving average is $102.88 and its 200 day moving average is $105.95. iShares National Muni Bond ETF has a twelve month low of $100.07 and a twelve month 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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