iShares National Muni Bond ETF $MUB Shares Bought by Redwood Investment Management LLC

Redwood Investment Management LLC lifted its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 25.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,754 shares of the exchange traded fund’s stock after buying an additional 6,277 shares during the period. Redwood Investment Management LLC’s holdings in iShares National Muni Bond ETF were worth $3,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE raised its stake in iShares National Muni Bond ETF by 12.8% during the 1st 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 acquiring an additional 4,763,839 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of iShares National Muni Bond ETF in the 3rd quarter valued at approximately $387,198,000. Allstate Corp increased its holdings in shares of iShares National Muni Bond ETF by 173.3% in the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock valued at $323,088,000 after purchasing an additional 1,912,851 shares during the period. Betterment LLC increased its holdings in shares of iShares National Muni Bond ETF by 9.5% in 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 purchasing an additional 1,646,689 shares during the period. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of iShares National Muni Bond ETF by 13.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock worth $915,710,000 after purchasing an additional 1,037,682 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA MUB opened at $105.64 on Monday. The stock has a fifty day moving average price of $106.85 and a 200 day moving average price of $107.11. iShares National Muni Bond ETF has a 1-year low of $103.65 and a 1-year 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.