Coastline Trust Co Buys New Stake in iShares National Muni Bond ETF $MUB

Coastline Trust Co bought a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, HoldingsChannel reports. The institutional investor bought 28,124 shares of the exchange traded fund’s stock, valued at approximately $2,843,000.

Other large investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of iShares National Muni Bond ETF by 12.8% during the first quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after buying an additional 4,763,839 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of iShares National Muni Bond ETF by 5.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock valued at $1,892,488,000 after buying an additional 880,501 shares during the period. LPL Financial LLC lifted its stake in iShares National Muni Bond ETF by 6.0% during the 4th quarter. LPL Financial LLC now owns 11,099,309 shares of the exchange traded fund’s stock worth $1,188,847,000 after acquiring an additional 632,378 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in iShares National Muni Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock worth $775,280,000 after acquiring an additional 214,265 shares in the last quarter. Finally, TIAA Trust National Association boosted its holdings in iShares National Muni Bond ETF by 3.7% during the 4th quarter. TIAA Trust National Association now owns 5,733,941 shares of the exchange traded fund’s stock valued at $614,162,000 after acquiring an additional 204,696 shares during the period. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Performance

NYSEARCA MUB traded up $0.41 during trading on Thursday, hitting $101.50. The stock had a trading volume of 7,853,785 shares, compared to its average volume of 4,996,227. The firm has a 50 day moving average price of $104.38 and a 200 day moving average price of $105.98. iShares National Muni Bond ETF has a twelve month low of $100.07 and a twelve month 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.