Modern Wealth Management LLC increased its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,300 shares of the exchange traded fund’s stock after buying an additional 5,057 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $3,009,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of iShares National Muni Bond ETF by 11.3% in the 4th quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock worth $4,000,539,000 after acquiring an additional 3,779,406 shares during the period. Wellington Management Group LLP acquired a new stake in shares of iShares National Muni Bond ETF during the 3rd quarter worth approximately $387,198,000. Allstate Corp increased its position in shares of iShares National Muni Bond ETF by 173.3% during the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock valued at $323,088,000 after purchasing an additional 1,912,851 shares during the period. Betterment LLC increased its position in shares of iShares National Muni Bond ETF by 9.5% during the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock valued at $2,034,042,000 after purchasing an additional 1,646,689 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of iShares National Muni Bond ETF by 13.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock valued at $915,710,000 after purchasing an additional 1,037,682 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors.
iShares National Muni Bond ETF Stock Performance
Shares of NYSEARCA MUB opened at $105.55 on Friday. iShares National Muni Bond ETF has a one year low of $103.43 and a one year high of $109.00. The business has a fifty day simple moving average of $106.87 and a 200 day simple moving average of $107.17.
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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