Charles Schwab Trust Co increased its stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 127.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,584 shares of the exchange traded fund’s stock after acquiring an additional 224,100 shares during the period. iShares National Muni Bond ETF makes up approximately 2.3% of Charles Schwab Trust Co’s investment portfolio, making the stock its 13th biggest position. Charles Schwab Trust Co owned 0.08% of iShares National Muni Bond ETF worth $40,398,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in MUB. Bank of America Corp DE grew its holdings in iShares National Muni Bond ETF by 12.8% during the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock valued at $4,470,365,000 after purchasing an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares National Muni Bond ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock valued at $1,892,488,000 after acquiring an additional 880,501 shares during the period. Bank of New York Mellon Corp grew its position in iShares National Muni Bond ETF by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock valued at $775,280,000 after acquiring an additional 214,265 shares during the last quarter. Cetera Investment Advisers grew its position in iShares National Muni Bond ETF by 14.9% in the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after acquiring an additional 416,372 shares during the last quarter. Finally, Assetmark Inc. increased its stake in iShares National Muni Bond ETF by 4.2% in the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock worth $339,350,000 after purchasing an additional 129,497 shares during the period. 90.19% of the stock is owned by institutional investors.
iShares National Muni Bond ETF Stock Performance
MUB stock traded up $0.77 during midday trading on Thursday, reaching $102.42. The company’s stock had a trading volume of 6,464,197 shares, compared to its average volume of 5,783,230. iShares National Muni Bond ETF has a 1 year low of $100.07 and a 1 year high of $109.00. The stock has a fifty day simple moving average of $103.47 and a two-hundred day simple moving average of $105.60.
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.
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