Jacobson & Schmitt Advisors LLC Decreases Stake in iShares National Muni Bond ETF $MUB

Jacobson & Schmitt Advisors LLC trimmed its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 46.4% during the third quarter, Holdings Channel reports. The institutional investor owned 11,650 shares of the exchange traded fund’s stock after selling 10,082 shares during the quarter. Jacobson & Schmitt Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $1,241,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its stake in iShares National Muni Bond ETF by 43.0% in 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 last quarter. Laurel Wealth Advisors LLC raised its holdings in shares of iShares National Muni Bond ETF by 11,118.5% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,093,247 shares of the exchange traded fund’s stock valued at $114,222,000 after purchasing an additional 1,083,502 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of iShares National Muni Bond ETF by 27.8% during the 2nd quarter. Raymond James Financial Inc. now owns 2,228,405 shares of the exchange traded fund’s stock worth $232,824,000 after purchasing an additional 484,767 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of iShares National Muni Bond ETF by 5.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,528,127 shares of the exchange traded fund’s stock worth $786,539,000 after purchasing an additional 369,771 shares during the last quarter. Finally, Avantax Planning Partners Inc. grew its stake in shares of iShares National Muni Bond ETF by 169.7% during the third quarter. Avantax Planning Partners Inc. now owns 458,812 shares of the exchange traded fund’s stock worth $48,859,000 after purchasing an additional 288,673 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA:MUB opened at $108.71 on Wednesday. iShares National Muni Bond ETF has a 12 month low of $100.29 and a 12 month high of $108.71. The business’s fifty day moving average price is $107.60 and its 200 day moving average price is $106.79.

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.