First Citizens Investor Services Inc. Invests $9.35 Million in iShares National Muni Bond ETF $MUB

First Citizens Investor Services Inc. bought a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 87,772 shares of the exchange traded fund’s stock, valued at approximately $9,347,000. iShares National Muni Bond ETF makes up 3.6% of First Citizens Investor Services Inc.’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of iShares National Muni Bond ETF by 43.0% during the second quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock valued at $931,432,000 after acquiring an additional 2,679,139 shares in the last quarter. US Bancorp DE lifted its holdings in shares of iShares National Muni Bond ETF by 34.4% in the 2nd quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock worth $767,087,000 after purchasing an additional 1,877,664 shares in the last quarter. Laurel Wealth Advisors LLC grew its position in iShares National Muni Bond ETF by 11,118.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,093,247 shares of the exchange traded fund’s stock valued at $114,222,000 after purchasing an additional 1,083,502 shares during the period. Envestnet Asset Management Inc. grew its position in iShares National Muni Bond ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,357,173 shares of the exchange traded fund’s stock valued at $2,126,917,000 after purchasing an additional 890,804 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in iShares National Muni Bond ETF by 12.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,877,240 shares of the exchange traded fund’s stock valued at $509,574,000 after purchasing an additional 555,736 shares in the last quarter. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Stock Performance

MUB opened at $107.63 on Wednesday. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $107.96. The company’s fifty day moving average price is $107.26 and its two-hundred day moving average price is $106.33.

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.