CIBC Private Wealth Group LLC reduced its stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 42.2% in the third quarter, Holdings Channel.com reports. The fund owned 125,920 shares of the exchange traded fund’s stock after selling 91,863 shares during the period. CIBC Private Wealth Group LLC’s holdings in iShares National Muni Bond ETF were worth $13,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in shares of iShares National Muni Bond ETF during the 2nd quarter valued at $26,000. Turning Point Benefit Group Inc. bought a new position in iShares National Muni Bond ETF in the 3rd quarter worth about $26,000. Total Investment Management Inc. purchased a new position in iShares National Muni Bond ETF during the 2nd quarter valued at about $33,000. Imprint Wealth LLC purchased a new position in iShares National Muni Bond ETF during the 3rd quarter valued at about $35,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of iShares National Muni Bond ETF during the third quarter valued at about $37,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.
iShares National Muni Bond ETF Price Performance
Shares of iShares National Muni Bond ETF stock opened at $106.85 on Friday. iShares National Muni Bond ETF has a 12-month low of $100.29 and a 12-month high of $109.00. The company’s 50-day moving average price is $107.80 and its 200-day moving average price is $107.16.
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.
Further Reading
Want to see what other hedge funds are holding MUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report).
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