First Citizens Asset Management Inc. Reduces Stake in iShares National Muni Bond ETF $MUB

First Citizens Asset Management Inc. decreased its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 31.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,412 shares of the exchange traded fund’s stock after selling 28,284 shares during the quarter. iShares National Muni Bond ETF makes up 2.3% of First Citizens Asset Management Inc.’s portfolio, making the stock its 10th biggest position. First Citizens Asset Management Inc.’s holdings in iShares National Muni Bond ETF were worth $6,625,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Karpus Management Inc. purchased a new stake in shares of iShares National Muni Bond ETF in the 4th quarter worth about $25,000. Turning Point Benefit Group Inc. purchased a new position in iShares National Muni Bond ETF during the 3rd quarter valued at about $26,000. Dunhill Financial LLC lifted its position in iShares National Muni Bond ETF by 807.1% during the 4th quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 226 shares during the period. Carolina Wealth Advisors LLC bought a new stake in iShares National Muni Bond ETF during the fourth quarter worth about $28,000. Finally, Hantz Financial Services Inc. boosted its stake in iShares National Muni Bond ETF by 164.1% during the fourth quarter. Hantz Financial Services Inc. now owns 309 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 192 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of MUB opened at $107.32 on Tuesday. iShares National Muni Bond ETF has a fifty-two week low of $103.14 and a fifty-two week high of $109.00. The firm’s 50-day simple moving average is $106.92 and its two-hundred day simple moving average is $107.17.

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.