Verus Financial Partners Inc. Buys New Position in iShares National Muni Bond ETF $MUB

Verus Financial Partners Inc. bought a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,471 shares of the exchange traded fund’s stock, valued at approximately $856,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of iShares National Muni Bond ETF by 12.8% during the first quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after buying an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of iShares National Muni Bond ETF by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock valued at $1,892,488,000 after acquiring an additional 880,501 shares during the period. Bank of New York Mellon Corp boosted its position in shares of iShares National Muni Bond ETF by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock valued at $775,280,000 after acquiring an additional 214,265 shares during the period. Cetera Investment Advisers grew its stake in shares of 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 worth $340,841,000 after acquiring an additional 416,372 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of iShares National Muni Bond ETF by 4.2% in the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock worth $339,350,000 after acquiring an additional 129,497 shares during the last quarter. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Stock Up 0.3%

Shares of MUB stock opened at $104.18 on Friday. iShares National Muni Bond ETF has a 1 year low of $100.07 and a 1 year high of $109.00. The firm’s fifty day simple moving average is $102.88 and its 200 day simple moving average is $105.95.

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). 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.