Valley National Advisers Inc. Sells 655 Shares of iShares National Muni Bond ETF $MUB

Valley National Advisers Inc. lowered its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 57.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 486 shares of the exchange traded fund’s stock after selling 655 shares during the quarter. Valley National Advisers Inc.’s holdings in iShares National Muni Bond ETF were worth $50,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MUB. Betterment LLC boosted its stake in shares of iShares National Muni Bond ETF by 0.8% in the 1st quarter. Betterment LLC now owns 18,408,702 shares of the exchange traded fund’s stock worth $1,941,014,000 after buying an additional 150,443 shares during the last quarter. LPL Financial LLC increased its position in iShares National Muni Bond ETF by 3.1% during the first quarter. LPL Financial LLC now owns 9,936,130 shares of the exchange traded fund’s stock valued at $1,047,666,000 after acquiring an additional 299,520 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in iShares National Muni Bond ETF by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,199,988 shares of the exchange traded fund’s stock valued at $970,047,000 after acquiring an additional 802,170 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in iShares National Muni Bond ETF by 7.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,588,089 shares of the exchange traded fund’s stock worth $800,088,000 after purchasing an additional 550,570 shares during the last quarter. Finally, TIAA Trust National Association grew its stake in shares of iShares National Muni Bond ETF by 3.9% during the 1st quarter. TIAA Trust National Association now owns 5,074,273 shares of the exchange traded fund’s stock valued at $535,031,000 after purchasing an additional 191,598 shares during the period. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Up 0.1%

NYSEARCA MUB opened at $106.46 on Tuesday. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $108.60. The company has a 50-day moving average price of $105.10 and a 200-day moving average price of $104.38.

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).