New York Life Investment Management LLC Cuts Stake in iShares National Muni Bond ETF $MUB

New York Life Investment Management LLC lowered its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 46.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 221,546 shares of the exchange traded fund’s stock after selling 190,153 shares during the period. New York Life Investment Management LLC owned about 0.06% of iShares National Muni Bond ETF worth $23,730,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. lifted its stake in shares of iShares National Muni Bond ETF by 8.5% in the 4th quarter. Pinnacle Associates Ltd. now owns 17,594 shares of the exchange traded fund’s stock valued at $1,885,000 after acquiring an additional 1,383 shares during the last quarter. Simmons Bank bought a new position in iShares National Muni Bond ETF during the 4th quarter worth approximately $211,000. Western Wealth Management LLC increased its stake in iShares National Muni Bond ETF by 14.8% in the 4th quarter. Western Wealth Management LLC now owns 11,690 shares of the exchange traded fund’s stock worth $1,252,000 after purchasing an additional 1,509 shares during the period. Allworth Financial LP increased its stake in iShares National Muni Bond ETF by 8.0% in the 4th quarter. Allworth Financial LP now owns 424,154 shares of the exchange traded fund’s stock worth $45,431,000 after purchasing an additional 31,344 shares during the period. Finally, Cardinal Point Capital Management ULC lifted its position in iShares National Muni Bond ETF by 2.0% in the fourth quarter. Cardinal Point Capital Management ULC now owns 356,448 shares of the exchange traded fund’s stock valued at $38,179,000 after purchasing an additional 6,978 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA:MUB opened at $106.66 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $103.14 and a fifty-two week high of $109.00. The business has a 50 day moving average price of $106.88 and a 200-day moving average price of $107.26.

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.