Balentine LLC Raises Stock Position in iShares National Muni Bond ETF (NYSEARCA:MUB)

Balentine LLC increased its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 373.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 885,803 shares of the exchange traded fund’s stock after buying an additional 698,834 shares during the quarter. iShares National Muni Bond ETF accounts for approximately 3.8% of Balentine LLC’s holdings, making the stock its 7th biggest holding. Balentine LLC owned about 0.26% of iShares National Muni Bond ETF worth $96,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in shares of iShares National Muni Bond ETF by 37.2% during the third quarter. US Bancorp DE now owns 6,855,514 shares of the exchange traded fund’s stock valued at $744,716,000 after buying an additional 1,859,907 shares during the period. Envestnet Asset Management Inc. increased its position in iShares National Muni Bond ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,518,502 shares of the exchange traded fund’s stock valued at $1,973,146,000 after purchasing an additional 1,512,868 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in iShares National Muni Bond ETF by 16.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,085,414 shares of the exchange traded fund’s stock worth $647,263,000 after purchasing an additional 864,732 shares in the last quarter. TIAA Trust National Association lifted its position in shares of iShares National Muni Bond ETF by 19.6% in the 2nd quarter. TIAA Trust National Association now owns 5,104,102 shares of the exchange traded fund’s stock worth $543,844,000 after purchasing an additional 834,982 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of iShares National Muni Bond ETF by 125.7% during the 1st quarter. Cetera Investment Advisers now owns 1,494,691 shares of the exchange traded fund’s stock valued at $160,829,000 after purchasing an additional 832,342 shares in the last quarter.

iShares National Muni Bond ETF Price Performance

MUB stock opened at $107.30 on Wednesday. iShares National Muni Bond ETF has a 1 year low of $102.35 and a 1 year high of $108.82. The firm has a 50-day moving average of $107.90 and a 200 day moving average of $107.27.

About iShares National Muni Bond ETF

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).