CIBC Private Wealth Group LLC Decreases Position in iShares National Muni Bond ETF $MUB

CIBC Private Wealth Group LLC lessened its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 42.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 125,920 shares of the exchange traded fund’s stock after selling 91,863 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in iShares National Muni Bond ETF were worth $13,409,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MUB. Hollencrest Capital Management purchased a new stake in iShares National Muni Bond ETF in the second quarter worth $26,000. Turning Point Benefit Group Inc. purchased a new position in shares of iShares National Muni Bond ETF during the 3rd quarter valued at $26,000. Total Investment Management Inc. bought a new position in shares of iShares National Muni Bond ETF during the 2nd quarter worth $33,000. Imprint Wealth LLC purchased a new stake in iShares National Muni Bond ETF in the 3rd quarter worth about $35,000. Finally, Inlight Wealth Management LLC purchased a new stake in iShares National Muni Bond ETF in the 3rd quarter worth about $37,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Down 0.1%

NYSEARCA MUB opened at $106.85 on Friday. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $109.00. The firm’s 50-day simple moving average is $107.80 and its two-hundred day simple moving average is $107.16.

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). 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.