Narus Financial Partners LLC Cuts Position in iShares National Muni Bond ETF $MUB

Narus Financial Partners LLC decreased its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 59.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,430 shares of the exchange traded fund’s stock after selling 13,887 shares during the quarter. Narus Financial Partners LLC’s holdings in iShares National Muni Bond ETF were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of iShares National Muni Bond ETF by 9.9% in the third quarter. Bank of America Corp DE now owns 33,570,415 shares of the exchange traded fund’s stock valued at $3,574,913,000 after purchasing an additional 3,026,165 shares in the last quarter. Betterment LLC raised its stake in 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 valued at $1,941,681,000 after purchasing an additional 175,531 shares in the last quarter. Creative Planning lifted its position in iShares National Muni Bond ETF by 6.9% during 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 purchasing an additional 851,224 shares during the last quarter. Fisher Asset Management LLC lifted its position in iShares National Muni Bond ETF by 9.1% during the third quarter. Fisher Asset Management LLC now owns 9,725,773 shares of the exchange traded fund’s stock valued at $1,035,698,000 after purchasing an additional 810,838 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in iShares National Muni Bond ETF by 9.6% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 8,102,619 shares of the exchange traded fund’s stock valued at $862,848,000 after purchasing an additional 710,666 shares during the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA:MUB opened at $106.97 on Thursday. The firm has a fifty day simple moving average of $107.82 and a two-hundred day simple moving average of $107.17. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 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.