iShares National Muni Bond ETF $MUB Shares Purchased by Gradient Investments LLC

Gradient Investments LLC increased its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 31.1% in the second quarter, HoldingsChannel reports. The firm owned 474,766 shares of the exchange traded fund’s stock after acquiring an additional 112,530 shares during the quarter. Gradient Investments LLC’s holdings in iShares National Muni Bond ETF were worth $51,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Bank of America Corp DE grew its holdings in 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 acquiring an additional 4,763,839 shares during the period. Wellington Management Group LLP purchased a new stake in iShares National Muni Bond ETF in the 3rd quarter worth $387,198,000. Allstate Corp raised its position in shares of iShares National Muni Bond ETF by 173.3% during the 4th quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after purchasing an additional 1,912,851 shares during the last quarter. Betterment LLC raised its holdings in shares of iShares National Muni Bond ETF by 9.5% during the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock valued at $2,034,042,000 after acquiring an additional 1,646,689 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in iShares National Muni Bond ETF by 13.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock valued at $915,710,000 after purchasing an additional 1,037,682 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Trading Up 0.3%

MUB stock opened at $105.94 on Friday. iShares National Muni Bond ETF has a 12 month low of $103.83 and a 12 month high of $109.00. The firm has a 50-day moving average of $106.75 and a two-hundred day moving average of $107.04.

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.