Wealthfront Advisers LLC Cuts Stock Holdings in iShares National Muni Bond ETF $MUB

Wealthfront Advisers LLC decreased its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,442,764 shares of the exchange traded fund’s stock after selling 457,491 shares during the period. iShares National Muni Bond ETF comprises 1.0% of Wealthfront Advisers LLC’s investment portfolio, making the stock its 18th biggest position. Wealthfront Advisers LLC’s holdings in iShares National Muni Bond ETF were worth $471,599,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in iShares National Muni Bond ETF by 21.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 47,229 shares of the exchange traded fund’s stock worth $5,013,000 after buying an additional 8,356 shares in the last quarter. Aegis Wealth Management Inc. purchased a new position in shares of iShares National Muni Bond ETF in the fourth quarter valued at approximately $552,000. Confluence Investment Management LLC lifted its position in shares of iShares National Muni Bond ETF by 30.9% in the fourth quarter. Confluence Investment Management LLC now owns 29,933 shares of the exchange traded fund’s stock valued at $3,206,000 after acquiring an additional 7,072 shares in the last quarter. Cahaba Wealth Management Inc. lifted its position in shares of iShares National Muni Bond ETF by 3.4% in the fourth quarter. Cahaba Wealth Management Inc. now owns 350,964 shares of the exchange traded fund’s stock valued at $37,592,000 after acquiring an additional 11,597 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of iShares National Muni Bond ETF in the third quarter worth approximately $12,404,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Down 0.2%

Shares of MUB opened at $106.76 on Thursday. iShares National Muni Bond ETF has a one year low of $103.14 and a one year high of $109.00. The stock has a 50 day moving average price of $106.96 and a 200 day moving average price of $107.22.

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.