Confluence Investment Management LLC Raises Holdings in iShares National Muni Bond ETF $MUB

Confluence Investment Management LLC boosted its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 30.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 29,933 shares of the exchange traded fund’s stock after buying an additional 7,072 shares during the quarter. Confluence Investment Management LLC’s holdings in iShares National Muni Bond ETF were worth $3,206,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brookstone Capital Management increased its position in shares of iShares National Muni Bond ETF by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 130,663 shares of the exchange traded fund’s stock worth $13,914,000 after purchasing an additional 31,324 shares during the last quarter. Advyzon Investment Management LLC lifted its position in iShares National Muni Bond ETF by 18.1% in the third quarter. Advyzon Investment Management LLC now owns 41,426 shares of the exchange traded fund’s stock valued at $4,411,000 after buying an additional 6,349 shares during the last quarter. Allen Capital Group LLC boosted its stake in iShares National Muni Bond ETF by 121.7% during the third quarter. Allen Capital Group LLC now owns 11,413 shares of the exchange traded fund’s stock worth $1,215,000 after buying an additional 6,265 shares during the period. First Horizon Corp purchased a new position in iShares National Muni Bond ETF during the third quarter worth about $3,365,000. Finally, BIP Wealth LLC increased its position in shares of iShares National Muni Bond ETF by 171.2% during the third quarter. BIP Wealth LLC now owns 71,152 shares of the exchange traded fund’s stock valued at $7,577,000 after acquiring an additional 44,917 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock opened at $105.91 on Friday. The company’s 50 day simple moving average is $107.77 and its 200-day simple moving average is $107.17. iShares National Muni Bond ETF has a 1 year low of $100.29 and a 1 year high of $109.00.

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). 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.