iShares National Muni Bond ETF $MUB Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. reduced its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,616 shares of the exchange traded fund’s stock after selling 7,151 shares during the period. Valmark Advisers Inc.’s holdings in iShares National Muni Bond ETF were worth $8,635,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MUB. Wellington Management Group LLP acquired a new stake in shares of iShares National Muni Bond ETF during the 3rd quarter valued at approximately $387,198,000. Bank of America Corp DE raised its position in shares of iShares National Muni Bond ETF by 9.9% during the 3rd quarter. Bank of America Corp DE now owns 33,570,415 shares of the exchange traded fund’s stock valued at $3,574,913,000 after acquiring an additional 3,026,165 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of iShares National Muni Bond ETF by 20.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock valued at $799,905,000 after acquiring an additional 1,261,391 shares in the last quarter. Creative Planning raised its position in shares of iShares National Muni Bond ETF by 6.9% during the 3rd quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock valued at $1,404,732,000 after acquiring an additional 851,224 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in shares of iShares National Muni Bond ETF by 9.1% during the 3rd quarter. Fisher Asset Management LLC now owns 9,725,773 shares of the exchange traded fund’s stock valued at $1,035,698,000 after acquiring an additional 810,838 shares in the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Price Performance

MUB stock opened at $107.08 on Wednesday. iShares National Muni Bond ETF has a 12-month low of $102.38 and a 12-month high of $109.00. The stock’s 50 day simple moving average is $107.34 and its 200 day simple moving average is $107.24.

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.