First Citizens Asset Management Inc. Has $6.62 Million Position in iShares National Muni Bond ETF $MUB

First Citizens Asset Management Inc. reduced its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 31.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,412 shares of the exchange traded fund’s stock after selling 28,284 shares during the period. iShares National Muni Bond ETF accounts for approximately 2.3% of First Citizens Asset Management Inc.’s portfolio, making the stock its 10th largest position. First Citizens Asset Management Inc.’s holdings in iShares National Muni Bond ETF were worth $6,625,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MUB. Bank of America Corp DE raised its holdings in shares of iShares National Muni Bond ETF by 11.3% during the fourth quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock valued at $4,000,539,000 after acquiring an additional 3,779,406 shares in the last quarter. Betterment LLC lifted its stake in iShares National Muni Bond ETF by 9.5% in the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after acquiring an additional 1,646,689 shares during the period. Creative Planning boosted its holdings in iShares National Muni Bond ETF by 6.9% in the third quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock valued at $1,404,732,000 after acquiring an additional 851,224 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares National Muni Bond ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock valued at $1,188,847,000 after acquiring an additional 632,378 shares in the last quarter. Finally, Fisher Asset Management LLC increased its position in iShares National Muni Bond ETF by 10.2% during the 4th quarter. Fisher Asset Management LLC now owns 10,713,817 shares of the exchange traded fund’s stock valued at $1,147,557,000 after purchasing an additional 988,044 shares during the period. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Price Performance

Shares of iShares National Muni Bond ETF stock opened at $107.32 on Tuesday. iShares National Muni Bond ETF has a 12-month low of $103.14 and a 12-month high of $109.00. The company’s fifty day simple moving average is $106.92 and its two-hundred day simple moving average is $107.17.

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.