NewEdge Advisors LLC Buys 27,252 Shares of iShares National Muni Bond ETF $MUB

NewEdge Advisors LLC increased its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 12.5% in the second quarter, Holdings Channel.com reports. The firm owned 245,557 shares of the exchange traded fund’s stock after buying an additional 27,252 shares during the quarter. NewEdge Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $26,427,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in 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 valued at $4,470,365,000 after buying an additional 4,763,839 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of iShares National Muni Bond ETF during the third quarter worth $387,198,000. Allstate Corp increased its holdings in shares of iShares National Muni Bond ETF by 173.3% during the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after buying an additional 1,912,851 shares in the last quarter. Betterment LLC increased 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 worth $2,034,042,000 after buying an additional 1,646,689 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of 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 acquiring 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 Down 0.5%

Shares of MUB opened at $103.48 on Thursday. iShares National Muni Bond ETF has a 52 week low of $103.44 and a 52 week high of $109.00. The stock has a fifty day moving average of $105.78 and a 200-day moving average of $106.60.

iShares National Muni Bond ETF 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.