Redwood Investment Management LLC Increases Stock Position in iShares National Muni Bond ETF $MUB

Redwood Investment Management LLC grew its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 25.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 30,754 shares of the exchange traded fund’s stock after buying an additional 6,277 shares during the period. Redwood Investment Management LLC’s holdings in iShares National Muni Bond ETF were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MUB. Bank of America Corp DE lifted its holdings in shares of iShares National Muni Bond ETF by 12.8% in the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock valued at $4,470,365,000 after buying an additional 4,763,839 shares during the period. Betterment LLC grew its holdings in iShares National Muni Bond ETF by 9.5% during the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after acquiring an additional 1,646,689 shares during the period. Creative Planning grew its holdings in iShares National Muni Bond ETF by 6.9% during the third quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock worth $1,404,732,000 after acquiring an additional 851,224 shares during the period. LPL Financial LLC raised its position in iShares National Muni Bond ETF by 6.0% in the fourth quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock worth $1,188,847,000 after acquiring an additional 632,378 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in iShares National Muni Bond ETF by 10.2% in the fourth quarter. Fisher Asset Management LLC now owns 10,713,817 shares of the exchange traded fund’s stock worth $1,147,557,000 after acquiring an additional 988,044 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock opened at $105.64 on Monday. iShares National Muni Bond ETF has a one year low of $103.65 and a one year high of $109.00. The business has a fifty day moving average of $106.85 and a two-hundred day moving average of $107.11.

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.