Betterment LLC Reduces Holdings in iShares National Muni Bond ETF $MUB

Betterment LLC lessened its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,343,529 shares of the exchange traded fund’s stock after selling 1,240,704 shares during the period. iShares National Muni Bond ETF makes up about 3.7% of Betterment LLC’s investment portfolio, making the stock its 6th largest holding. Betterment LLC owned 4.54% of iShares National Muni Bond ETF worth $1,846,912,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its stake 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 purchasing an additional 2,679,139 shares in the last quarter. Laurel Wealth Advisors LLC increased its stake in iShares National Muni Bond ETF by 11,118.5% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,093,247 shares of the exchange traded fund’s stock valued at $114,222,000 after purchasing an additional 1,083,502 shares in the last quarter. Raymond James Financial Inc. raised its holdings in iShares National Muni Bond ETF by 27.8% in the second quarter. Raymond James Financial Inc. now owns 2,228,405 shares of the exchange traded fund’s stock worth $232,824,000 after buying an additional 484,767 shares during the last quarter. Avantax Planning Partners Inc. raised its holdings in iShares National Muni Bond ETF by 169.7% in the third quarter. Avantax Planning Partners Inc. now owns 458,812 shares of the exchange traded fund’s stock worth $48,859,000 after buying an additional 288,673 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of iShares National Muni Bond ETF by 47.3% in the second quarter. Osaic Holdings Inc. now owns 894,488 shares of the exchange traded fund’s stock worth $93,623,000 after buying an additional 287,103 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Down 0.2%

NYSEARCA:MUB opened at $106.98 on Friday. The company’s 50 day moving average price is $107.83 and its 200-day moving average price is $107.07. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $109.00.

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.