Investors Sell iShares National Muni Bond ETF (MUB) on Strength (MUB)

Investors sold shares of iShares National Muni Bond ETF (NYSEARCA:MUB) on strength during trading hours on Tuesday. $27.13 million flowed into the stock on the tick-up and $92.17 million flowed out of the stock on the tick-down, for a money net flow of $65.04 million out of the stock. Of all companies tracked, iShares National Muni Bond ETF had the 0th highest net out-flow for the day. iShares National Muni Bond ETF traded up $0.05 for the day and closed at $107.00

The company also recently announced a monthly dividend, which was paid on Friday, October 5th. Stockholders of record on Tuesday, October 2nd were issued a $0.2372 dividend. This is a boost from iShares National Muni Bond ETF’s previous monthly dividend of $0.23. The ex-dividend date of this dividend was Monday, October 1st. This represents a $2.85 annualized dividend and a dividend yield of 2.66%.

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its holdings in shares of iShares National Muni Bond ETF by 14.1% in the second quarter. Bank of America Corp DE now owns 8,058,230 shares of the exchange traded fund’s stock worth $878,670,000 after purchasing an additional 994,575 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iShares National Muni Bond ETF by 0.8% in the second quarter. PNC Financial Services Group Inc. now owns 4,330,856 shares of the exchange traded fund’s stock worth $472,238,000 after purchasing an additional 33,644 shares during the last quarter. Sei Investments Co. grew its holdings in shares of iShares National Muni Bond ETF by 2.9% in the second quarter. Sei Investments Co. now owns 3,592,661 shares of the exchange traded fund’s stock worth $391,744,000 after purchasing an additional 102,414 shares during the last quarter. Creative Planning grew its holdings in shares of iShares National Muni Bond ETF by 318.4% in the second quarter. Creative Planning now owns 3,557,449 shares of the exchange traded fund’s stock worth $387,904,000 after purchasing an additional 2,707,274 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of iShares National Muni Bond ETF by 1,208.4% in the second quarter. BlackRock Inc. now owns 3,446,596 shares of the exchange traded fund’s stock worth $375,817,000 after purchasing an additional 3,183,174 shares during the last quarter.

iShares National Muni Bond ETF Company Profile (NYSEARCA:MUB)

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).

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