Sterling Investment Advisors Ltd. boosted its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 17.6% in the first quarter, HoldingsChannel reports. The firm owned 50,589 shares of the exchange traded fund’s stock after purchasing an additional 7,560 shares during the period. Sterling Investment Advisors Ltd.’s holdings in iShares National Muni Bond ETF were worth $5,370,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Bank of America Corp DE raised 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 valued at $4,000,539,000 after acquiring an additional 3,779,406 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of iShares National Muni Bond ETF during the third quarter worth about $387,198,000. Allstate Corp grew its stake in iShares National Muni Bond ETF by 173.3% in the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after purchasing an additional 1,912,851 shares in the last quarter. Betterment LLC grew its stake in 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 purchasing an additional 1,646,689 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its holdings in iShares National Muni Bond ETF by 20.2% in the third quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock valued at $799,905,000 after buying an additional 1,261,391 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
iShares National Muni Bond ETF Stock Up 0.0%
NYSEARCA:MUB opened at $106.95 on Wednesday. iShares National Muni Bond ETF has a 52 week low of $103.14 and a 52 week high of $109.00. The business’s 50 day moving average is $106.97 and its two-hundred day moving average is $107.22.
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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