iShares National Muni Bond ETF $MUB Stake Raised by Wedmont Private Capital

Wedmont Private Capital increased its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 158.7% during the third quarter, Holdings Channel reports. The institutional investor owned 1,235,371 shares of the exchange traded fund’s stock after acquiring an additional 757,882 shares during the period. iShares National Muni Bond ETF comprises about 3.0% of Wedmont Private Capital’s portfolio, making the stock its 6th biggest position. Wedmont Private Capital’s holdings in iShares National Muni Bond ETF were worth $124,451,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position 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 valued at $4,470,365,000 after acquiring an additional 4,763,839 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of iShares National Muni Bond ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after acquiring an additional 880,501 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $775,280,000 after acquiring an additional 214,265 shares during the period. JPMorgan Chase & Co. increased its stake in iShares National Muni Bond ETF by 2.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,691,873 shares of the exchange traded fund’s stock valued at $502,547,000 after purchasing an additional 115,176 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake 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 purchasing an additional 416,372 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Performance

MUB stock traded up $0.35 during midday trading on Friday, hitting $101.09. 11,637,018 shares of the stock were exchanged, compared to its average volume of 5,503,016. The stock’s 50-day moving average price is $103.81 and its 200-day moving average price is $105.73. iShares National Muni Bond ETF has a fifty-two week low of $100.07 and a fifty-two week high of $109.00.

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.