Northwestern Mutual Wealth Management Co. Sells 4,547,271 Shares of iShares National Muni Bond ETF $MUB

Northwestern Mutual Wealth Management Co. lowered its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 56.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,555,348 shares of the exchange traded fund’s stock after selling 4,547,271 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.90% of iShares National Muni Bond ETF worth $380,813,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Bessemer Group Inc. increased its position in shares of iShares National Muni Bond ETF by 24.4% in the 4th quarter. Bessemer Group Inc. now owns 687,254 shares of the exchange traded fund’s stock valued at $73,613,000 after buying an additional 134,713 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in iShares National Muni Bond ETF by 2.1% during the 4th quarter. Thrivent Financial for Lutherans now owns 360,674 shares of the exchange traded fund’s stock worth $38,629,000 after purchasing an additional 7,464 shares in the last quarter. Williams & Novak LLC bought a new position in iShares National Muni Bond ETF during the 4th quarter worth about $297,000. Avantax Planning Partners Inc. increased its holdings in iShares National Muni Bond ETF by 9.6% during the 4th quarter. Avantax Planning Partners Inc. now owns 502,707 shares of the exchange traded fund’s stock worth $53,845,000 after purchasing an additional 43,895 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in iShares National Muni Bond ETF by 8.5% during the 4th quarter. Pinnacle Associates Ltd. now owns 17,594 shares of the exchange traded fund’s stock worth $1,885,000 after purchasing an additional 1,383 shares in the last quarter. Institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Down 0.5%

MUB stock opened at $106.12 on Friday. The stock has a 50-day moving average price of $106.84 and a two-hundred day moving average price of $107.25. iShares National Muni Bond ETF has a 1 year low of $103.14 and a 1 year high of $109.00.

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.