First Business Financial Services Inc. Reduces Stock Position in iShares National Muni Bond ETF (NYSEARCA:MUB)

First Business Financial Services Inc. lowered its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 5.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,744 shares of the exchange traded fund’s stock after selling 1,298 shares during the period. iShares National Muni Bond ETF comprises about 0.5% of First Business Financial Services Inc.’s investment portfolio, making the stock its 13th biggest holding. First Business Financial Services Inc.’s holdings in iShares National Muni Bond ETF were worth $2,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MUB. Wells Fargo & Company MN raised its holdings in iShares National Muni Bond ETF by 73.6% in the 2nd quarter. Wells Fargo & Company MN now owns 4,698,764 shares of the exchange traded fund’s stock worth $531,383,000 after purchasing an additional 1,991,462 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares National Muni Bond ETF by 7.9% during the 2nd quarter. Bank of America Corp DE now owns 12,102,863 shares of the exchange traded fund’s stock valued at $1,368,713,000 after acquiring an additional 882,363 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of iShares National Muni Bond ETF by 28.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,104,400 shares of the exchange traded fund’s stock valued at $354,212,000 after acquiring an additional 685,789 shares during the last quarter. Halbert Hargrove Russell LLC purchased a new stake in shares of iShares National Muni Bond ETF during the 2nd quarter valued at about $51,992,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of iShares National Muni Bond ETF by 15.2% during the 2nd quarter. Fisher Asset Management LLC now owns 2,005,083 shares of the exchange traded fund’s stock valued at $226,755,000 after acquiring an additional 265,132 shares during the last quarter.

Shares of NYSEARCA MUB traded down $0.02 during trading on Friday, reaching $113.18. 560,299 shares of the company traded hands, compared to its average volume of 841,963. The firm has a 50 day simple moving average of $114.00 and a 200-day simple moving average of $113.46. iShares National Muni Bond ETF has a 52-week low of $106.84 and a 52-week high of $115.42.

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).

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Institutional Ownership by Quarter for iShares National Muni Bond ETF (NYSEARCA:MUB)

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