Sequoia Financial Advisors LLC Boosts Stock Position in iShares National Muni Bond ETF $MUB

Sequoia Financial Advisors LLC grew its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 7.7% during the second quarter, HoldingsChannel.com reports. The firm owned 2,128,656 shares of the exchange traded fund’s stock after acquiring an additional 151,637 shares during the quarter. iShares National Muni Bond ETF makes up about 1.1% of Sequoia Financial Advisors LLC’s holdings, making the stock its 18th biggest holding. Sequoia Financial Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $229,086,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Karpus Management Inc. purchased a new position in iShares National Muni Bond ETF in the 4th quarter worth about $25,000. IMG Wealth Management Inc. grew its stake in iShares National Muni Bond ETF by 79.9% in the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock worth $26,000 after acquiring an additional 107 shares in the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of iShares National Muni Bond ETF during the third quarter worth approximately $26,000. MBM Wealth Consultants LLC bought a new stake in shares of iShares National Muni Bond ETF during the first quarter valued at approximately $26,000. Finally, Asset Dedication LLC raised its stake in shares of iShares National Muni Bond ETF by 9,833.3% during the first quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 295 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Performance

MUB opened at $103.48 on Thursday. The stock’s fifty day moving average is $105.78 and its two-hundred day moving average is $106.60. iShares National Muni Bond ETF has a 52 week low of $103.44 and a 52 week high of $109.00.

iShares National Muni Bond ETF 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.