Confluence Investment Management LLC Purchases New Stake in iShares National Muni Bond ETF $MUB

Confluence Investment Management LLC acquired a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, Holdings Channel.com reports. The fund acquired 60,834 shares of the exchange traded fund’s stock, valued at approximately $6,150,000.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in shares of iShares National Muni Bond ETF by 12.8% during the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock valued at $4,470,365,000 after buying an additional 4,763,839 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of iShares National Muni Bond ETF by 5.3% during the second quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after acquiring an additional 880,501 shares in the last quarter. LPL Financial LLC boosted its position in iShares National Muni Bond ETF by 6.0% during the fourth quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock valued at $1,188,847,000 after purchasing an additional 632,378 shares during the last quarter. Fifth Third Bancorp boosted its position in iShares National Muni Bond ETF by 377.8% during the first quarter. Fifth Third Bancorp now owns 537,049 shares of the exchange traded fund’s stock valued at $57,008,000 after purchasing an additional 424,640 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in iShares National Muni Bond ETF by 14.9% in the first quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after purchasing an additional 416,372 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

MUB stock traded up $0.37 during mid-day trading on Thursday, hitting $101.47. The stock had a trading volume of 7,853,785 shares, compared to its average volume of 4,996,227. iShares National Muni Bond ETF has a 1-year low of $100.07 and a 1-year high of $109.00. The company has a fifty day moving average of $104.38 and a 200 day moving average of $105.98.

iShares National Muni Bond ETF Company 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.