Sowell Financial Services LLC Makes New $756,000 Investment in iShares National Muni Bond ETF $MUB

Sowell Financial Services LLC purchased a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the 3rd quarter, Holdings Channel reports. The firm purchased 7,481 shares of the exchange traded fund’s stock, valued at approximately $756,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of 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 worth $4,470,365,000 after buying an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares National Muni Bond ETF by 5.3% in the second 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 last quarter. Bank of New York Mellon Corp raised its holdings in iShares National Muni Bond ETF by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock worth $775,280,000 after acquiring an additional 214,265 shares in the last quarter. Cetera Investment Advisers boosted its position in iShares National Muni Bond ETF by 14.9% during the first quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after purchasing an additional 416,372 shares during the last quarter. Finally, Assetmark Inc. boosted its position in iShares National Muni Bond ETF by 4.2% during the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after purchasing an additional 129,497 shares during the last quarter. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA MUB opened at $103.43 on Friday. The stock has a 50 day moving average price of $103.02 and a 200 day moving average price of $105.43. iShares National Muni Bond ETF has a 52 week low of $100.07 and a 52 week 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.