iShares National Muni Bond ETF $MUB Stock Position Increased by Level Wealth Management LLC

Level Wealth Management LLC lifted its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 73.5% during the third quarter, Holdings Channel reports. The firm owned 98,858 shares of the exchange traded fund’s stock after acquiring an additional 41,881 shares during the quarter. iShares National Muni Bond ETF makes up about 3.8% of Level Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Level Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $9,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MUB. Bank of America Corp DE grew its stake in 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 iShares National Muni Bond ETF by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after buying an additional 880,501 shares during the period. Bank of New York Mellon Corp increased its position 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 buying an additional 214,265 shares during the period. Cetera Investment Advisers increased 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 worth $340,841,000 after buying an additional 416,372 shares during the period. Finally, Assetmark Inc. lifted its stake in iShares National Muni Bond ETF by 4.2% in the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after buying an additional 129,497 shares during the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Performance

Shares of NYSEARCA MUB opened at $103.43 on Monday. iShares National Muni Bond ETF has a twelve month low of $100.07 and a twelve month high of $109.00. The stock has a 50 day moving average of $103.02 and a two-hundred day moving average of $105.43.

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.