New York Life Investment Management LLC Increases Stake in iShares National Muni Bond ETF $MUB

New York Life Investment Management LLC raised its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 411,699 shares of the exchange traded fund’s stock after acquiring an additional 22,700 shares during the quarter. New York Life Investment Management LLC’s holdings in iShares National Muni Bond ETF were worth $43,842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in MUB. Envestnet Asset Management Inc. lifted its position in shares of iShares National Muni Bond ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,357,173 shares of the exchange traded fund’s stock valued at $2,126,917,000 after buying an additional 890,804 shares in the last quarter. Betterment LLC grew its holdings in shares of iShares National Muni Bond ETF by 1.0% during the second quarter. Betterment LLC now owns 18,584,233 shares of the exchange traded fund’s stock worth $1,941,681,000 after buying an additional 175,531 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of iShares National Muni Bond ETF by 43.0% in the second quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock worth $931,432,000 after buying an additional 2,679,139 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares National Muni Bond ETF by 5.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,528,127 shares of the exchange traded fund’s stock valued at $786,539,000 after acquiring an additional 369,771 shares during the last quarter. Finally, TIAA Trust National Association increased its holdings in shares of iShares National Muni Bond ETF by 3.8% in the second quarter. TIAA Trust National Association now owns 5,265,134 shares of the exchange traded fund’s stock valued at $550,099,000 after purchasing an additional 190,861 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of NYSEARCA:MUB opened at $107.69 on Monday. iShares National Muni Bond ETF has a 52-week low of $100.29 and a 52-week high of $107.96. The business has a fifty day moving average of $107.27 and a two-hundred day moving average of $106.42.

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). 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.