Sand Hill Global Advisors LLC Sells 18,728 Shares of iShares National Muni Bond ETF $MUB

Sand Hill Global Advisors LLC cut its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 20.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,213 shares of the exchange traded fund’s stock after selling 18,728 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $7,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of iShares National Muni Bond ETF by 4.6% in the second quarter. Envestnet Asset Management Inc. now owns 20,357,173 shares of the exchange traded fund’s stock worth $2,126,917,000 after acquiring an additional 890,804 shares during the period. Betterment LLC lifted its position in shares of iShares National Muni Bond ETF by 0.8% in the 1st quarter. Betterment LLC now owns 18,408,702 shares of the exchange traded fund’s stock worth $1,941,014,000 after purchasing an additional 150,443 shares during the period. Fisher Asset Management LLC lifted its position in shares of iShares National Muni Bond ETF by 43.0% in the 2nd quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock worth $931,432,000 after purchasing an additional 2,679,139 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in shares of iShares National Muni Bond ETF by 7.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,588,089 shares of the exchange traded fund’s stock worth $800,088,000 after buying an additional 550,570 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares National Muni Bond ETF by 5.2% in the second quarter. PNC Financial Services Group Inc. now owns 7,528,127 shares of the exchange traded fund’s stock valued at $786,539,000 after buying an additional 369,771 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

MUB stock opened at $106.97 on Thursday. The stock has a 50-day moving average price of $107.12 and a 200-day moving average price of $105.38. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $108.35.

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).