Envestnet Portfolio Solutions Inc. Trims Stock Position in iShares National Muni Bond ETF $MUB

Envestnet Portfolio Solutions Inc. reduced its stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 66.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,658,407 shares of the exchange traded fund’s stock after selling 3,218,833 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in iShares National Muni Bond ETF were worth $176,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in iShares National Muni Bond ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,357,173 shares of the exchange traded fund’s stock valued at $2,126,917,000 after buying an additional 890,804 shares during the period. Betterment LLC boosted its holdings in shares of iShares National Muni Bond ETF by 1.0% in the second quarter. Betterment LLC now owns 18,584,233 shares of the exchange traded fund’s stock valued at $1,941,681,000 after acquiring an additional 175,531 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of iShares National Muni Bond ETF by 43.0% during the second quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock worth $931,432,000 after acquiring an additional 2,679,139 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of iShares National Muni Bond ETF by 5.2% during the second quarter. PNC Financial Services Group Inc. now owns 7,528,127 shares of the exchange traded fund’s stock worth $786,539,000 after acquiring an additional 369,771 shares during the period. Finally, US Bancorp DE raised its holdings in iShares National Muni Bond ETF by 34.4% during the second quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock worth $767,087,000 after purchasing an additional 1,877,664 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

Shares of NYSEARCA:MUB opened at $107.49 on Friday. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $107.85. The company has a 50-day moving average price of $107.16 and a 200 day moving average price of $106.08.

iShares National Muni Bond ETF Profile

(Free Report)

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.

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