iShares National Muni Bond ETF $MUB Stock Sold by Forum Financial Management LP

Forum Financial Management LP reduced its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 28.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,935 shares of the exchange traded fund’s stock after selling 7,126 shares during the quarter. Forum Financial Management LP’s holdings in iShares National Muni Bond ETF were worth $1,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of iShares National Muni Bond ETF by 12.8% in 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 purchasing an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. increased its position in iShares National Muni Bond ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock valued at $1,892,488,000 after acquiring an additional 880,501 shares during the period. Bank of New York Mellon Corp raised its position in iShares National Muni Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock worth $775,280,000 after purchasing an additional 214,265 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of iShares National Muni Bond ETF by 14.9% in the first quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock worth $340,841,000 after acquiring an additional 416,372 shares during the period. Finally, Assetmark Inc. raised its stake in iShares National Muni Bond ETF by 4.2% during the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock worth $339,350,000 after buying an additional 129,497 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 0.1%

Shares of MUB stock opened at $102.35 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $100.07 and a fifty-two week high of $109.00. The stock has a 50 day simple moving average of $103.34 and a two-hundred day simple moving average of $105.56.

iShares National Muni Bond ETF Company 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.