Balentine LLC Decreases Position in iShares National Muni Bond ETF $MUB

Balentine LLC cut its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 53.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 330,343 shares of the exchange traded fund’s stock after selling 377,929 shares during the quarter. iShares National Muni Bond ETF comprises about 1.4% of Balentine LLC’s holdings, making the stock its 11th largest position. Balentine LLC’s holdings in iShares National Muni Bond ETF were worth $35,066,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Karpus Management Inc. bought a new position in iShares National Muni Bond ETF in the 4th quarter worth approximately $25,000. MBM Wealth Consultants LLC bought a new stake in iShares National Muni Bond ETF during the 1st quarter valued at $26,000. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares National Muni Bond ETF during the third quarter worth $26,000. Dunhill Financial LLC lifted its position in shares of iShares National Muni Bond ETF by 807.1% during the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 226 shares in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new position in shares of iShares National Muni Bond ETF in the fourth quarter worth $28,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

Shares of MUB opened at $107.34 on Thursday. iShares National Muni Bond ETF has a 52-week low of $103.14 and a 52-week high of $109.00. The stock’s 50-day simple moving average is $106.98 and its 200 day simple moving average is $107.21.

About iShares National Muni Bond ETF

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.