iShares National Muni Bond ETF $MUB Shares Newly Bought by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC acquired a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,732 shares of the exchange traded fund’s stock, valued at approximately $681,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares National Muni Bond ETF by 12.8% in 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 shares of iShares National Muni Bond ETF by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after purchasing an additional 880,501 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of 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 worth $775,280,000 after purchasing an additional 214,265 shares in the last quarter. Cetera Investment Advisers raised its position in shares of iShares National Muni Bond ETF by 14.9% during the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after purchasing an additional 416,372 shares during the period. Finally, Assetmark Inc. raised its position in shares of iShares National Muni Bond ETF by 4.2% during the 1st quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after purchasing an additional 129,497 shares during the period. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Up 0.8%

Shares of MUB traded up $0.78 during trading hours on Thursday, reaching $102.42. 6,908,676 shares of the stock traded hands, compared to its average volume of 5,787,154. iShares National Muni Bond ETF has a 52-week low of $100.07 and a 52-week high of $109.00. The company’s 50-day moving average price is $103.47 and its two-hundred day moving average price is $105.60.

About iShares National Muni Bond ETF

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.