Legacy Private Trust Co. bought a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) during the third quarter, HoldingsChannel.com reports. The firm bought 314,808 shares of the exchange traded fund’s stock, valued at approximately $31,827,000. iShares National Muni Bond ETF comprises about 1.7% of Legacy Private Trust Co.’s investment portfolio, making the stock its 13th largest position.
Several other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 4,763,839 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in 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 valued at $1,892,488,000 after purchasing an additional 880,501 shares during the last quarter. LPL Financial LLC lifted its stake in iShares National Muni Bond ETF by 6.0% in the 4th quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock valued at $1,188,847,000 after purchasing an additional 632,378 shares during the last quarter. Bank of New York Mellon Corp boosted its position in 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 valued at $775,280,000 after buying an additional 214,265 shares in the last quarter. Finally, TIAA Trust National Association boosted its position in iShares National Muni Bond ETF by 3.7% in the fourth quarter. TIAA Trust National Association now owns 5,733,941 shares of the exchange traded fund’s stock valued at $614,162,000 after buying an additional 204,696 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.
iShares National Muni Bond ETF Stock Performance
Shares of NYSEARCA MUB traded down $0.06 during midday trading on Tuesday, reaching $101.06. 5,831,053 shares of the company were exchanged, compared to its average volume of 5,230,855. The stock’s 50-day moving average price is $104.12 and its 200-day moving average price is $105.85. iShares National Muni Bond ETF has a one year low of $100.07 and a one year high of $109.00.
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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