217,952 Shares in iShares National Muni Bond ETF $MUB Purchased by Arax Advisory Partners

Arax Advisory Partners purchased a new position in iShares National Muni Bond ETF (NYSEARCA:MUB) in the fourth quarter, Holdings Channel reports. The fund purchased 217,952 shares of the exchange traded fund’s stock, valued at approximately $23,350,000.

A number of other hedge funds have also bought and sold shares of MUB. Wellington Management Group LLP acquired a new position in iShares National Muni Bond ETF in the third quarter worth about $387,198,000. Bank of America Corp DE grew its stake in iShares National Muni Bond ETF by 9.9% in the third 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. Allstate Corp grew its stake in iShares National Muni Bond ETF by 173.3% in the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after purchasing an additional 1,912,851 shares in the last quarter. Betterment LLC grew its stake in iShares National Muni Bond ETF by 9.5% in the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after purchasing an additional 1,646,689 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its stake in iShares National Muni Bond ETF by 20.2% in the third 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 institutional investors and hedge funds.

iShares National Muni Bond ETF Trading Down 0.0%

NYSEARCA:MUB opened at $107.05 on Friday. iShares National Muni Bond ETF has a one year low of $103.14 and a one year high of $109.00. The stock has a 50-day simple moving average of $106.84 and a 200 day simple moving average of $107.17.

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.