Baker Avenue Asset Management LP Boosts Holdings in iShares National Muni Bond ETF $MUB

Baker Avenue Asset Management LP lifted its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 29.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,007 shares of the exchange traded fund’s stock after buying an additional 9,422 shares during the period. Baker Avenue Asset Management LP’s holdings in iShares National Muni Bond ETF were worth $4,392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Advyzon Investment Management LLC grew its position in iShares National Muni Bond ETF by 18.1% during 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 purchasing an additional 6,349 shares in the last quarter. Aegis Wealth Management Inc. bought a new position in iShares National Muni Bond ETF during the fourth quarter valued at approximately $552,000. Cardinal Point Capital Management ULC grew its position in iShares National Muni Bond ETF by 9.0% in the third quarter. Cardinal Point Capital Management ULC now owns 349,470 shares of the exchange traded fund’s stock worth $37,397,000 after acquiring an additional 28,823 shares in the last quarter. Confluence Investment Management LLC grew its position in iShares National Muni Bond ETF by 30.9% in the fourth quarter. Confluence Investment Management LLC now owns 29,933 shares of the exchange traded fund’s stock worth $3,206,000 after acquiring an additional 7,072 shares in the last quarter. Finally, Cahaba Wealth Management Inc. increased its stake in shares of iShares National Muni Bond ETF by 3.4% during the 4th quarter. Cahaba Wealth Management Inc. now owns 350,964 shares of the exchange traded fund’s stock worth $37,592,000 after purchasing an additional 11,597 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

iShares National Muni Bond ETF stock opened at $107.03 on Friday. iShares National Muni Bond ETF has a 1-year low of $103.14 and a 1-year high of $109.00. The firm’s fifty day simple moving average is $106.65 and its 200-day simple moving average is $107.19.

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.