Factor Wealth Management LTD Trims Stock Position in iShares National Muni Bond ETF $MUB

Factor Wealth Management LTD lessened its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 58.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,099 shares of the exchange traded fund’s stock after selling 15,628 shares during the period. Factor Wealth Management LTD’s holdings in iShares National Muni Bond ETF were worth $1,178,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in iShares National Muni Bond ETF by 11.3% during the 4th quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock worth $4,000,539,000 after purchasing an additional 3,779,406 shares during the period. Wellington Management Group LLP bought a new stake in iShares National Muni Bond ETF during the 3rd quarter valued at $387,198,000. Allstate Corp lifted its holdings in shares of iShares National Muni Bond ETF by 173.3% in the 4th quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after buying an additional 1,912,851 shares during the period. Betterment LLC lifted its holdings in shares of iShares National Muni Bond ETF by 9.5% in the 4th quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after buying an additional 1,646,689 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of iShares National Muni Bond ETF by 20.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock worth $799,905,000 after buying an additional 1,261,391 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of iShares National Muni Bond ETF stock opened at $107.46 on Thursday. The stock’s fifty day moving average price is $106.93 and its 200-day moving average price is $107.18. iShares National Muni Bond ETF has a 12 month low of $103.14 and a 12 month high of $109.00.

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.