Wedmont Private Capital grew its stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 158.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,235,371 shares of the exchange traded fund’s stock after purchasing an additional 757,882 shares during the period. iShares National Muni Bond ETF makes up approximately 3.0% of Wedmont Private Capital’s portfolio, making the stock its 6th biggest holding. Wedmont Private Capital owned about 0.26% of iShares National Muni Bond ETF worth $124,451,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of iShares National Muni Bond ETF by 12.8% during the first quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after purchasing an additional 4,763,839 shares during the period. Envestnet Asset Management Inc. increased 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 buying an additional 880,501 shares during the period. Bank of New York Mellon Corp raised its position in iShares National Muni Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock worth $775,280,000 after buying an additional 214,265 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares National Muni Bond ETF by 2.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,691,873 shares of the exchange traded fund’s stock worth $502,547,000 after buying an additional 115,176 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of iShares National Muni Bond ETF by 14.9% in the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock worth $340,841,000 after acquiring an additional 416,372 shares during the period. Hedge funds and other institutional investors own 90.19% of the company’s stock.
iShares National Muni Bond ETF Stock Up 0.4%
Shares of NYSEARCA:MUB traded up $0.35 during midday trading on Friday, hitting $101.09. The stock had a trading volume of 11,637,018 shares, compared to its average volume of 5,503,016. iShares National Muni Bond ETF has a 1 year low of $100.07 and a 1 year high of $109.00. The stock has a 50 day moving average price of $103.81 and a two-hundred day moving average price of $105.73.
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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