Foundations Investment Advisors LLC Grows Position in iShares National Muni Bond ETF $MUB

Foundations Investment Advisors LLC grew its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 27.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 54,070 shares of the exchange traded fund’s stock after buying an additional 11,550 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $5,791,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of 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 purchasing an additional 3,026,165 shares during the period. Creative Planning boosted its stake in shares of 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 period. Fisher Asset Management LLC boosted its stake in shares of 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 purchasing an additional 988,044 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of 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 purchasing an additional 1,261,391 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

NYSEARCA:MUB opened at $107.03 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $103.14 and a fifty-two week high of $109.00. The business has a 50 day moving average price of $106.65 and a 200-day moving average price of $107.19.

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.