Apex Wealth Management LLC Increases Stock Position in iShares National Muni Bond ETF $MUB

Apex Wealth Management LLC boosted its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 641.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,557 shares of the exchange traded fund’s stock after acquiring an additional 13,460 shares during the quarter. iShares National Muni Bond ETF accounts for approximately 1.2% of Apex Wealth Management LLC’s holdings, making the stock its 25th largest position. Apex Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $1,657,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its holdings in shares of iShares National Muni Bond ETF by 4.6% during the second 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 purchasing an additional 890,804 shares in the last quarter. Betterment LLC increased its holdings in iShares National Muni Bond ETF by 1.0% in the 2nd quarter. Betterment LLC now owns 18,584,233 shares of the exchange traded fund’s stock worth $1,941,681,000 after buying an additional 175,531 shares in the last quarter. Fisher Asset Management LLC raised its position in iShares National Muni Bond ETF by 43.0% in the 2nd quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock worth $931,432,000 after buying an additional 2,679,139 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares National Muni Bond ETF by 5.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,528,127 shares of the exchange traded fund’s stock valued at $786,539,000 after acquiring an additional 369,771 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of iShares National Muni Bond ETF by 34.4% during the 2nd quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock valued at $767,087,000 after acquiring an additional 1,877,664 shares during the last quarter. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Trading Down 0.1%

Shares of MUB stock opened at $107.53 on Friday. The company has a 50 day moving average price of $107.10 and a 200-day moving average price of $105.85. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $107.72.

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.