Weaver Capital Management LLC Purchases 11,401 Shares of iShares National Muni Bond ETF $MUB

Weaver Capital Management LLC purchased a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the third quarter, HoldingsChannel reports. The institutional investor purchased 11,401 shares of the exchange traded fund’s stock, valued at approximately $1,153,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of iShares National Muni Bond ETF by 12.8% during the 1st 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 last quarter. Envestnet Asset Management Inc. raised its holdings in shares of 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 period. Bank of New York Mellon Corp raised its holdings in shares of iShares National Muni Bond ETF by 3.0% in the 1st 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 purchasing an additional 214,265 shares during the period. Cetera Investment Advisers raised its holdings 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 valued at $340,841,000 after purchasing an additional 416,372 shares during the period. Finally, Assetmark Inc. lifted its stake in iShares National Muni Bond ETF by 4.2% in 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 last quarter. Institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Up 0.8%

Shares of NYSEARCA:MUB opened at $102.48 on Friday. iShares National Muni Bond ETF has a 52-week low of $100.07 and a 52-week high of $109.00. The company has a 50-day simple moving average of $103.41 and a 200 day simple moving average of $105.58.

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.