Investors Buy Shares of iShares National Muni Bond ETF (MUB) on Weakness

Investors bought shares of iShares National Muni Bond ETF (NYSEARCA:MUB) on weakness during trading hours on Tuesday. $52.33 million flowed into the stock on the tick-up and $35.64 million flowed out of the stock on the tick-down, for a money net flow of $16.69 million into the stock. Of all companies tracked, iShares National Muni Bond ETF had the 30th highest net in-flow for the day. iShares National Muni Bond ETF traded down ($0.15) for the day and closed at $106.42

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 7th. Shareholders of record on Friday, November 2nd will be paid a $0.2471 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This is a boost from iShares National Muni Bond ETF’s previous monthly dividend of $0.24. This represents a $2.96 dividend on an annualized basis and a yield of 2.79%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MUB. BlackRock Inc. lifted its stake in 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 valued at $375,817,000 after acquiring an additional 3,183,174 shares during the last quarter. Creative Planning lifted its stake in 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 valued at $387,904,000 after acquiring an additional 2,707,274 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of iShares National Muni Bond ETF by 6,992.3% in the second quarter. Cornerstone Wealth Management LLC now owns 2,330,871 shares of the exchange traded fund’s stock valued at $21,430,000 after purchasing an additional 2,298,006 shares during the period. Bank of America Corp DE raised its position 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 valued at $878,670,000 after purchasing an additional 994,575 shares during the period. Finally, Commonwealth Equity Services LLC raised its position in shares of iShares National Muni Bond ETF by 433.5% in the third quarter. Commonwealth Equity Services LLC now owns 629,820 shares of the exchange traded fund’s stock valued at $67,982,000 after purchasing an additional 511,761 shares during the period.

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About iShares National Muni Bond ETF (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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