Sequoia Financial Advisors LLC Purchases 97,711 Shares of iShares National Muni Bond ETF $MUB

Sequoia Financial Advisors LLC raised its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 6.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,674,873 shares of the exchange traded fund’s stock after purchasing an additional 97,711 shares during the quarter. iShares National Muni Bond ETF accounts for about 1.2% of Sequoia Financial Advisors LLC’s holdings, making the stock its 13th biggest holding. Sequoia Financial Advisors LLC owned approximately 0.46% of iShares National Muni Bond ETF worth $174,991,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of MUB. US Bancorp DE lifted its position 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 valued at $767,087,000 after purchasing an additional 1,877,664 shares during the last quarter. Allstate Corp lifted its position in iShares National Muni Bond ETF by 91.2% during the first quarter. Allstate Corp now owns 3,017,964 shares of the exchange traded fund’s stock valued at $318,214,000 after purchasing an additional 1,439,584 shares during the last quarter. Park Avenue Securities LLC bought a new stake in iShares National Muni Bond ETF during the second quarter valued at approximately $116,279,000. Silver Oak Securities Incorporated bought a new stake in iShares National Muni Bond ETF during the first quarter valued at approximately $111,955,000. Finally, Charles Schwab Investment Management Inc. lifted its position in iShares National Muni Bond ETF by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,199,988 shares of the exchange traded fund’s stock valued at $970,047,000 after purchasing an additional 802,170 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors.

iShares National Muni Bond ETF Trading Up 0.3%

Shares of iShares National Muni Bond ETF stock opened at $106.85 on Monday. iShares National Muni Bond ETF has a 1 year low of $100.29 and a 1 year high of $108.60. The company has a 50 day simple moving average of $105.32 and a two-hundred day simple moving average of $104.42.

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).