Foster & Motley Inc. Sells 11,253 Shares of iShares National Muni Bond ETF $MUB

Foster & Motley Inc. cut its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 17.3% during the second quarter, Holdings Channel.com reports. The firm owned 53,939 shares of the exchange traded fund’s stock after selling 11,253 shares during the period. Foster & Motley Inc.’s holdings in iShares National Muni Bond ETF were worth $5,636,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MUB. Brighton Jones LLC bought a new position in shares of iShares National Muni Bond ETF during the fourth quarter valued at approximately $325,000. Revolve Wealth Partners LLC lifted its position in iShares National Muni Bond ETF by 10.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 124,193 shares of the exchange traded fund’s stock valued at $13,233,000 after acquiring an additional 11,989 shares during the last quarter. Bison Wealth LLC purchased a new stake in iShares National Muni Bond ETF during the fourth quarter valued at approximately $516,000. GAMMA Investing LLC lifted its position in iShares National Muni Bond ETF by 11.5% during the first quarter. GAMMA Investing LLC now owns 127,508 shares of the exchange traded fund’s stock valued at $13,444,000 after acquiring an additional 13,101 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its position in iShares National Muni Bond ETF by 4.7% during the first quarter. Insigneo Advisory Services LLC now owns 2,460 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 110 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors.

iShares National Muni Bond ETF Price Performance

NYSEARCA:MUB opened at $107.42 on Friday. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $108.60. The firm has a 50 day moving average of $105.63 and a 200 day moving average of $104.50.

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).