Assetmark Inc. Grows Position in iShares National Muni Bond ETF $MUB

Assetmark Inc. boosted its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 4.2% during the 1st quarter, Holdings Channel reports. The fund owned 3,196,889 shares of the exchange traded fund’s stock after buying an additional 129,497 shares during the period. Assetmark Inc.’s holdings in iShares National Muni Bond ETF were worth $339,350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of America Corp DE raised its holdings in shares of iShares National Muni Bond ETF by 11.3% in the 4th quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock valued at $4,000,539,000 after purchasing an additional 3,779,406 shares in the last quarter. Betterment LLC raised its stake in iShares National Muni Bond ETF by 9.5% in the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after buying an additional 1,646,689 shares in the last quarter. Creative Planning raised its stake in iShares National Muni Bond ETF by 6.9% in the third quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock worth $1,404,732,000 after buying an additional 851,224 shares in the last quarter. LPL Financial LLC lifted its holdings in iShares National Muni Bond ETF by 6.0% during the fourth quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock worth $1,188,847,000 after buying an additional 632,378 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings 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 worth $1,147,557,000 after buying an additional 988,044 shares during the period. 90.19% of the stock is currently owned by institutional investors.

iShares National Muni Bond ETF Stock Down 0.1%

Shares of NYSEARCA MUB opened at $106.62 on Friday. The stock’s fifty day simple moving average is $106.96 and its two-hundred day simple moving average is $107.22. iShares National Muni Bond ETF has a 12-month low of $103.14 and a 12-month 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.