Adviser Investments LLC Sells 5,483 Shares of iShares National Muni Bond ETF (MUB)

Adviser Investments LLC cut its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 26.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,465 shares of the exchange traded fund’s stock after selling 5,483 shares during the period. Adviser Investments LLC’s holdings in iShares National Muni Bond ETF were worth $1,720,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MUB. Bank of America Corp DE raised its position in iShares National Muni Bond ETF by 86.0% in the fourth quarter. Bank of America Corp DE now owns 16,103,537 shares of the exchange traded fund’s stock worth $1,755,930,000 after acquiring an additional 7,446,045 shares during the period. Creative Planning increased its stake in shares of iShares National Muni Bond ETF by 41.7% in the fourth quarter. Creative Planning now owns 4,168,956 shares of the exchange traded fund’s stock worth $454,583,000 after purchasing an additional 1,227,885 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of iShares National Muni Bond ETF by 298.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,382,618 shares of the exchange traded fund’s stock worth $150,761,000 after purchasing an additional 1,035,227 shares in the last quarter. Aspiriant LLC increased its stake in shares of iShares National Muni Bond ETF by 804.9% in the fourth quarter. Aspiriant LLC now owns 916,891 shares of the exchange traded fund’s stock worth $99,976,000 after purchasing an additional 815,568 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of iShares National Muni Bond ETF by 17.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,088,140 shares of the exchange traded fund’s stock worth $554,811,000 after purchasing an additional 763,180 shares in the last quarter.

Shares of NYSEARCA MUB opened at $112.38 on Friday. iShares National Muni Bond ETF has a 1 year low of $106.42 and a 1 year high of $112.42.

The company also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.2345 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $2.81 dividend on an annualized basis and a dividend yield of 2.50%.

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iShares National Muni Bond ETF Company 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).

Further Reading: How To Calculate Debt-to-Equity Ratio

Want to see what other hedge funds are holding MUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares National Muni Bond ETF (NYSEARCA:MUB).

Institutional Ownership by Quarter for iShares National Muni Bond ETF (NYSEARCA:MUB)

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