Baird Financial Group Inc. Decreases Holdings in iShares National Muni Bond ETF (MUB)

Baird Financial Group Inc. trimmed its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 5.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,876 shares of the exchange traded fund’s stock after selling 2,115 shares during the period. Baird Financial Group Inc.’s holdings in iShares National Muni Bond ETF were worth $3,647,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Summit Equities Inc raised its stake in shares of iShares National Muni Bond ETF by 5.2% in the third quarter. Summit Equities Inc now owns 17,366 shares of the exchange traded fund’s stock valued at $1,875,000 after acquiring an additional 863 shares in the last quarter. Freestone Capital Holdings LLC raised its stake in shares of iShares National Muni Bond ETF by 16.5% in the third quarter. Freestone Capital Holdings LLC now owns 40,230 shares of the exchange traded fund’s stock valued at $4,342,000 after acquiring an additional 5,685 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of iShares National Muni Bond ETF by 61.2% in the third quarter. Miracle Mile Advisors LLC now owns 37,665 shares of the exchange traded fund’s stock valued at $4,066,000 after acquiring an additional 14,295 shares in the last quarter. FMR LLC raised its stake in shares of iShares National Muni Bond ETF by 6.4% in the third quarter. FMR LLC now owns 1,758,369 shares of the exchange traded fund’s stock valued at $189,798,000 after acquiring an additional 106,475 shares in the last quarter. Finally, Vantage Investment Advisors LLC raised its stake in shares of iShares National Muni Bond ETF by 21.9% in the third quarter. Vantage Investment Advisors LLC now owns 6,723 shares of the exchange traded fund’s stock valued at $598,000 after acquiring an additional 1,210 shares in the last quarter.

Shares of NYSEARCA MUB opened at $108.61 on Friday. iShares National Muni Bond ETF has a 12-month low of $106.42 and a 12-month high of $111.01.

The business also recently disclosed a monthly dividend, which was paid on Friday, December 7th. Stockholders of record on Tuesday, December 4th were paid a $0.2306 dividend. This represents a $2.77 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, December 3rd.

TRADEMARK VIOLATION NOTICE: “Baird Financial Group Inc. Decreases Holdings in iShares National Muni Bond ETF (MUB)” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of United States and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/12/08/baird-financial-group-inc-decreases-holdings-in-ishares-national-muni-bond-etf-mub.html.

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).

Further Reading: Asset Allocation, Balancing Your Investments

Institutional Ownership by Quarter for iShares National Muni Bond ETF (NYSEARCA:MUB)

Receive News & Ratings for iShares National Muni Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares National Muni Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply