Wedmont Private Capital Sells 31,676 Shares of iShares National Muni Bond ETF $MUB

Wedmont Private Capital lessened its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 6.4% in the fourth quarter, HoldingsChannel reports. The firm owned 465,572 shares of the exchange traded fund’s stock after selling 31,676 shares during the quarter. iShares National Muni Bond ETF accounts for approximately 1.7% of Wedmont Private Capital’s holdings, making the stock its 13th biggest holding. Wedmont Private Capital’s holdings in iShares National Muni Bond ETF were worth $50,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MUB. Wellington Management Group LLP bought a new position in iShares National Muni Bond ETF in the third quarter worth $387,198,000. Bank of America Corp DE boosted its holdings in shares of iShares National Muni Bond ETF by 9.9% during the 3rd 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 in the last quarter. Fisher Asset Management LLC grew its position in shares of iShares National Muni Bond ETF by 43.0% in the 2nd 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 during the period. Mercer Global Advisors Inc. ADV grew its position in shares of iShares National Muni Bond ETF by 20.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock worth $799,905,000 after buying an additional 1,261,391 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in shares of iShares National Muni Bond ETF by 11,118.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,093,247 shares of the exchange traded fund’s stock worth $114,222,000 after acquiring an additional 1,083,502 shares in 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 $105.91 on Friday. iShares National Muni Bond ETF has a 1 year low of $100.29 and a 1 year high of $109.00. The firm has a 50-day moving average of $107.77 and a 200 day moving average of $107.20.

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.