Envestnet Portfolio Solutions Inc. Decreases Position in iShares National Muni Bond ETF $MUB

Envestnet Portfolio Solutions Inc. trimmed its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 66.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,658,407 shares of the exchange traded fund’s stock after selling 3,218,833 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.44% of iShares National Muni Bond ETF worth $176,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Granite Harbor Advisors Inc. grew its stake in iShares National Muni Bond ETF by 10.1% during the 2nd quarter. Granite Harbor Advisors Inc. now owns 93,593 shares of the exchange traded fund’s stock worth $9,779,000 after buying an additional 8,596 shares during the last quarter. Brookstone Capital Management lifted its stake in iShares National Muni Bond ETF by 31.5% in the third quarter. Brookstone Capital Management now owns 130,663 shares of the exchange traded fund’s stock valued at $13,914,000 after buying an additional 31,324 shares during the last quarter. Allen Capital Group LLC boosted its holdings in shares of iShares National Muni Bond ETF by 121.7% in the third quarter. Allen Capital Group LLC now owns 11,413 shares of the exchange traded fund’s stock valued at $1,215,000 after acquiring an additional 6,265 shares during the period. First Horizon Corp purchased a new position in shares of iShares National Muni Bond ETF during the third quarter worth approximately $3,365,000. Finally, Montecito Bank & Trust purchased a new position in shares of iShares National Muni Bond ETF during the third quarter worth approximately $645,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Down 0.0%

MUB stock opened at $107.49 on Friday. The company has a fifty day moving average price of $107.16 and a 200 day moving average price of $106.08. iShares National Muni Bond ETF has a 12 month low of $100.29 and a 12 month high of $107.85.

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.