Cullen Frost Bankers Inc. Increases Position in iShares National Muni Bond ETF $MUB

Cullen Frost Bankers Inc. grew its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 1,674.3% during the fourth quarter, HoldingsChannel reports. The fund owned 55,359 shares of the exchange traded fund’s stock after acquiring an additional 52,239 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in iShares National Muni Bond ETF were worth $5,929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of iShares National Muni Bond ETF by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 33,570,415 shares of the exchange traded fund’s stock worth $3,574,913,000 after purchasing an additional 3,026,165 shares in the last quarter. Creative Planning boosted its position in shares of iShares National Muni Bond ETF by 6.9% in the 3rd quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock worth $1,404,732,000 after purchasing an additional 851,224 shares in the last quarter. Fisher Asset Management LLC boosted its position in shares of iShares National Muni Bond ETF by 9.1% in the 3rd quarter. Fisher Asset Management LLC now owns 9,725,773 shares of the exchange traded fund’s stock worth $1,035,698,000 after purchasing an additional 810,838 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares National Muni Bond ETF by 9.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 8,102,619 shares of the exchange traded fund’s stock worth $862,848,000 after purchasing an additional 710,666 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of iShares National Muni Bond ETF by 20.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock worth $799,905,000 after purchasing an additional 1,261,391 shares in the last quarter. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock opened at $105.93 on Thursday. The business has a fifty day moving average price of $106.74 and a 200-day moving average price of $107.22. iShares National Muni Bond ETF has a 1-year low of $103.14 and a 1-year high of $109.00.

iShares National Muni Bond ETF 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.