New York Life Investment Management LLC Makes New $32.51 Million Investment in iShares National Muni Bond ETF $MUB

New York Life Investment Management LLC purchased a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 321,574 shares of the exchange traded fund’s stock, valued at approximately $32,511,000. New York Life Investment Management LLC owned about 0.06% of iShares National Muni Bond ETF at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bank of America Corp DE boosted 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 buying an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. grew 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 acquiring an additional 880,501 shares in the last quarter. Bank of New York Mellon Corp grew 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 acquiring an additional 214,265 shares in the last quarter. Cetera Investment Advisers grew 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 acquiring an additional 416,372 shares in the last quarter. Finally, Assetmark Inc. increased its position in shares of iShares National Muni Bond ETF by 4.2% in the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after acquiring an additional 129,497 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Down 0.4%

NYSEARCA:MUB opened at $104.54 on Wednesday. The stock’s 50-day simple moving average is $102.76 and its 200 day simple moving average is $105.85. iShares National Muni Bond ETF has a 52-week low of $100.07 and a 52-week high of $109.00.

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.