Envestnet Portfolio Solutions Inc. Boosts Stock Position in iShares National Muni Bond ETF $MUB

Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 5.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,242,985 shares of the exchange traded fund’s stock after acquiring an additional 67,637 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares National Muni Bond ETF were worth $133,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MUB. MBM Wealth Consultants LLC purchased a new stake in iShares National Muni Bond ETF in the 1st quarter valued at $26,000. IMG Wealth Management Inc. boosted its position in shares of iShares National Muni Bond ETF by 79.9% during the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 107 shares during the last quarter. Asset Dedication LLC grew its holdings in shares of iShares National Muni Bond ETF by 9,833.3% in the first quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 295 shares during the period. Hantz Financial Services Inc. grew its holdings in shares of iShares National Muni Bond ETF by 164.1% in the fourth quarter. Hantz Financial Services Inc. now owns 309 shares of the exchange traded fund’s stock valued at $33,000 after purchasing an additional 192 shares during the period. Finally, Security National Bank of SO Dak acquired a new stake in iShares National Muni Bond ETF during the second quarter worth about $37,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

MUB stock traded down $0.71 during trading on Wednesday, reaching $102.04. 15,121,960 shares of the stock were exchanged, compared to its average volume of 4,520,010. The business has a 50 day moving average price of $105.01 and a 200-day moving average price of $106.25. iShares National Muni Bond ETF has a 1 year low of $101.68 and a 1 year high of $109.00.

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.