Bank of New York Mellon Corp Cuts Stake in iShares Short-Term National Muni Bond ETF $SUB

Bank of New York Mellon Corp lowered its holdings in shares of iShares Short-Term National Muni Bond ETF (NYSEARCA:SUB) by 4.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,932,802 shares of the company’s stock after selling 213,833 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares Short-Term National Muni Bond ETF were worth $525,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Allstate Corp boosted its position in iShares Short-Term National Muni Bond ETF by 3,158.4% during the fourth quarter. Allstate Corp now owns 1,547,744 shares of the company’s stock valued at $165,144,000 after buying an additional 1,500,244 shares during the period. Captrust Financial Advisors increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 7.5% in the second quarter. Captrust Financial Advisors now owns 1,418,214 shares of the company’s stock worth $150,813,000 after buying an additional 98,544 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares Short-Term National Muni Bond ETF by 3.0% in the third quarter. Ameriprise Financial Inc. now owns 1,019,871 shares of the company’s stock worth $108,598,000 after buying an additional 29,842 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 5.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 674,815 shares of the company’s stock valued at $72,003,000 after acquiring an additional 32,165 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its stake in shares of iShares Short-Term National Muni Bond ETF by 4.3% in the 4th quarter. Salomon & Ludwin LLC now owns 663,262 shares of the company’s stock valued at $70,851,000 after acquiring an additional 27,347 shares during the last quarter.

iShares Short-Term National Muni Bond ETF Stock Performance

Shares of SUB stock opened at $106.22 on Friday. The business has a 50-day moving average of $106.35 and a 200 day moving average of $106.70. iShares Short-Term National Muni Bond ETF has a 1-year low of $106.04 and a 1-year high of $107.51.

About iShares Short-Term National Muni Bond ETF

iShares 2016 AMT-Free Muni Term ETF, formerly iShares S&P Short Term National AMT-Free Municipal Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Short Term National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the short-term 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.