LJI Wealth Management LLC Cuts Position in iShares National Muni Bond ETF $MUB

LJI Wealth Management LLC lowered its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 57.8% during the third quarter, Holdings Channel reports. The institutional investor owned 4,159 shares of the exchange traded fund’s stock after selling 5,689 shares during the period. LJI Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $443,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC increased its holdings in iShares National Muni Bond ETF by 1.8% in the third quarter. Sequoia Financial Advisors LLC now owns 1,704,780 shares of the exchange traded fund’s stock valued at $181,542,000 after buying an additional 29,907 shares in the last quarter. Occidental Asset Management LLC acquired a new stake in shares of iShares National Muni Bond ETF in the 3rd quarter worth approximately $202,000. Alesco Advisors LLC increased its stake in iShares National Muni Bond ETF by 11.8% in the 3rd quarter. Alesco Advisors LLC now owns 178,907 shares of the exchange traded fund’s stock valued at $19,052,000 after purchasing an additional 18,846 shares in the last quarter. Retirement Investment Advisors Inc. raised its holdings in iShares National Muni Bond ETF by 10.7% during the third quarter. Retirement Investment Advisors Inc. now owns 392,035 shares of the exchange traded fund’s stock worth $41,748,000 after purchasing an additional 37,875 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its holdings in iShares National Muni Bond ETF by 9.7% during the third quarter. Sterling Investment Advisors Ltd. now owns 34,390 shares of the exchange traded fund’s stock worth $3,662,000 after purchasing an additional 3,050 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock opened at $107.61 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $100.29 and a fifty-two week high of $107.85. The stock’s fifty day moving average is $107.15 and its two-hundred day moving average is $106.01.

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.