Fisher Asset Management LLC Buys 13,745,708 Shares of iShares National Muni Bond ETF $MUB

Fisher Asset Management LLC bought a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the third quarter, HoldingsChannel.com reports. The institutional investor bought 13,745,708 shares of the exchange traded fund’s stock, valued at approximately $1,389,691,000.

A number of other institutional investors have also made changes to their positions in MUB. Compass Financial Group Inc. raised its stake in shares of iShares National Muni Bond ETF by 4.7% in the third quarter. Compass Financial Group Inc. now owns 10,556 shares of the exchange traded fund’s stock worth $1,067,000 after acquiring an additional 472 shares during the last quarter. Private Advisory Group LLC bought a new stake in shares of iShares National Muni Bond ETF during the third quarter valued at approximately $1,030,000. Russell Investments Group Ltd. grew its stake in shares of iShares National Muni Bond ETF by 15.1% during the third quarter. Russell Investments Group Ltd. now owns 294,832 shares of the exchange traded fund’s stock valued at $29,808,000 after purchasing an additional 38,729 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of iShares National Muni Bond ETF by 2.4% during the third quarter. Fifth Third Bancorp now owns 582,488 shares of the exchange traded fund’s stock valued at $58,890,000 after purchasing an additional 13,886 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in shares of iShares National Muni Bond ETF in the third quarter valued at approximately $305,000. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Price Performance

Shares of iShares National Muni Bond ETF stock opened at $103.95 on Friday. The firm has a 50 day simple moving average of $102.77 and a 200 day simple moving average of $105.81. iShares National Muni Bond ETF has a fifty-two week low of $100.07 and a fifty-two week high of $109.00.

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.