Sterling Investment Advisors Ltd. lifted its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 23.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,389 shares of the exchange traded fund’s stock after purchasing an additional 11,800 shares during the period. iShares National Muni Bond ETF makes up about 1.0% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 24th biggest position. Sterling Investment Advisors Ltd.’s holdings in iShares National Muni Bond ETF were worth $6,714,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of iShares National Muni Bond ETF by 12.8% in 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 period. Wellington Management Group LLP acquired a new stake in iShares National Muni Bond ETF during the 3rd quarter worth about $387,198,000. Allstate Corp raised its holdings in iShares National Muni Bond ETF by 173.3% during the 4th quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after buying an additional 1,912,851 shares during the period. Betterment LLC lifted its stake in iShares National Muni Bond ETF by 9.5% during the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock valued at $2,034,042,000 after buying an additional 1,646,689 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in iShares National Muni Bond ETF by 13.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock valued at $915,710,000 after buying an additional 1,037,682 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.
iShares National Muni Bond ETF Trading Down 0.0%
Shares of MUB opened at $104.02 on Wednesday. iShares National Muni Bond ETF has a one year low of $103.89 and a one year high of $109.00. The company has a 50-day moving average of $105.85 and a two-hundred day moving average of $106.63.
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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