Avantax Advisory Services Inc. Trims Stock Position in iShares National Muni Bond ETF $MUB

Avantax Advisory Services Inc. trimmed its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 12.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 943,092 shares of the exchange traded fund’s stock after selling 136,421 shares during the period. iShares National Muni Bond ETF comprises approximately 0.5% of Avantax Advisory Services Inc.’s holdings, making the stock its 25th biggest holding. Avantax Advisory Services Inc. owned 0.26% of iShares National Muni Bond ETF worth $98,534,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of MUB. Envestnet Asset Management Inc. grew its holdings in iShares National Muni Bond ETF by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,357,173 shares of the exchange traded fund’s stock valued at $2,126,917,000 after buying an additional 890,804 shares during the last quarter. Betterment LLC lifted its position in shares of iShares National Muni Bond ETF by 0.8% in the first quarter. Betterment LLC now owns 18,408,702 shares of the exchange traded fund’s stock valued at $1,941,014,000 after acquiring an additional 150,443 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares National Muni Bond ETF by 3.1% during the first quarter. LPL Financial LLC now owns 9,936,130 shares of the exchange traded fund’s stock valued at $1,047,666,000 after acquiring an additional 299,520 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 802,170 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in iShares National Muni Bond ETF by 7.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,588,089 shares of the exchange traded fund’s stock worth $800,088,000 after purchasing an additional 550,570 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Price Performance

Shares of MUB stock opened at $106.97 on Friday. The firm has a 50-day moving average price of $106.87 and a 200 day moving average price of $105.02. iShares National Muni Bond ETF has a twelve month low of $100.29 and a twelve month high of $108.60.

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).