Principal Securities Inc. Increases Stake in iShares National Muni Bond ETF $MUB

Principal Securities Inc. raised its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 13.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,265 shares of the exchange traded fund’s stock after purchasing an additional 10,792 shares during the period. Principal Securities Inc.’s holdings in iShares National Muni Bond ETF were worth $9,454,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MUB. Wellington Management Group LLP purchased a new position in iShares National Muni Bond ETF during the third quarter valued at $387,198,000. Bank of America Corp DE lifted its position in iShares National Muni Bond ETF by 9.9% during 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 buying an additional 3,026,165 shares during the period. Allstate Corp lifted its position in iShares National Muni Bond ETF by 173.3% during the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock valued at $323,088,000 after buying an additional 1,912,851 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in iShares National Muni Bond ETF by 20.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock valued at $799,905,000 after buying an additional 1,261,391 shares during the period. Finally, Fisher Asset Management LLC lifted its position in iShares National Muni Bond ETF by 10.2% during the fourth 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 buying an additional 988,044 shares during the period. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

Shares of iShares National Muni Bond ETF stock opened at $107.06 on Friday. The business has a fifty day simple moving average of $106.83 and a two-hundred day simple moving average of $107.17. iShares National Muni Bond ETF has a 12 month low of $103.14 and a 12 month high of $109.00.

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.