Sequoia Financial Advisors LLC Buys 264,260 Shares of iShares National Muni Bond ETF (NYSEARCA:MUB)

Sequoia Financial Advisors LLC grew its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 20.1% during the first quarter, HoldingsChannel reports. The firm owned 1,577,162 shares of the exchange traded fund’s stock after purchasing an additional 264,260 shares during the quarter. iShares National Muni Bond ETF accounts for approximately 1.3% of Sequoia Financial Advisors LLC’s holdings, making the stock its 13th biggest position. Sequoia Financial Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $166,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of MUB. Accredited Wealth Management LLC purchased a new stake in iShares National Muni Bond ETF in the fourth quarter worth about $100,000. Principal Financial Group Inc. raised its position in shares of iShares National Muni Bond ETF by 6.4% in the 4th quarter. Principal Financial Group Inc. now owns 2,578 shares of the exchange traded fund’s stock worth $275,000 after acquiring an additional 156 shares in the last quarter. Sowell Financial Services LLC purchased a new position in shares of iShares National Muni Bond ETF in the 1st quarter valued at approximately $1,039,000. Schechter Investment Advisors LLC boosted its position in shares of iShares National Muni Bond ETF by 22.8% during the fourth quarter. Schechter Investment Advisors LLC now owns 34,683 shares of the exchange traded fund’s stock valued at $3,695,000 after purchasing an additional 6,438 shares in the last quarter. Finally, Michael A. Dubis Financial Planning LLC purchased a new stake in iShares National Muni Bond ETF in the fourth quarter worth $364,000.

iShares National Muni Bond ETF Trading Down 0.0%

MUB opened at $104.19 on Thursday. The stock has a fifty day simple moving average of $103.94 and a two-hundred day simple moving average of $105.33. iShares National Muni Bond ETF has a 12-month low of $100.29 and a 12-month high of $108.81.

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).