Cumberland Advisors Inc. lessened its stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 98.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,460 shares of the exchange traded fund’s stock after selling 313,320 shares during the quarter. Cumberland Advisors Inc.’s holdings in iShares National Muni Bond ETF were worth $350,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in MUB. Watershed Private Wealth LLC boosted its holdings in iShares National Muni Bond ETF by 75.0% in the 3rd quarter. Watershed Private Wealth LLC now owns 73,114 shares of the exchange traded fund’s stock worth $7,392,000 after buying an additional 31,341 shares during the last quarter. Integrity Alliance LLC. purchased a new position in shares of iShares National Muni Bond ETF in the third quarter valued at approximately $1,009,000. Gallacher Capital Management LLC purchased a new position in shares of iShares National Muni Bond ETF in the third quarter valued at approximately $426,000. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of iShares National Muni Bond ETF in the third quarter valued at approximately $352,000. Finally, Next Level Wealth Planning LLC acquired a new stake in shares of iShares National Muni Bond ETF in the third quarter worth approximately $34,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.
iShares National Muni Bond ETF Price Performance
Shares of NYSEARCA:MUB opened at $103.90 on Wednesday. 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 price is $102.82 and its 200-day moving average price is $105.92.
iShares National Muni Bond ETF Company 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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