Balentine LLC Sells 377,929 Shares of iShares National Muni Bond ETF $MUB

Balentine LLC lessened its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 53.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 330,343 shares of the exchange traded fund’s stock after selling 377,929 shares during the quarter. iShares National Muni Bond ETF makes up approximately 1.4% of Balentine LLC’s investment portfolio, making the stock its 11th largest holding. Balentine LLC owned approximately 0.08% of iShares National Muni Bond ETF worth $35,066,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Aegis Wealth Management Inc. bought a new position in shares of iShares National Muni Bond ETF during the 4th quarter worth about $552,000. Confluence Investment Management LLC increased its stake in iShares National Muni Bond ETF by 30.9% during the 4th quarter. Confluence Investment Management LLC now owns 29,933 shares of the exchange traded fund’s stock valued at $3,206,000 after purchasing an additional 7,072 shares in the last quarter. Cahaba Wealth Management Inc. increased its stake in 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 valued at $37,592,000 after purchasing an additional 11,597 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in iShares National Muni Bond ETF during the third quarter worth $777,000. Finally, CIBC Bancorp USA Inc. acquired a new position in iShares National Muni Bond ETF during the third quarter worth $12,404,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

MUB opened at $107.34 on Thursday. The company’s 50-day moving average is $106.98 and its 200 day moving average is $107.21. iShares National Muni Bond ETF has a fifty-two week low of $103.14 and a fifty-two week 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.