Summit Asset Management LLC Sells 570 Shares of iShares National Muni Bond ETF (NYSEARCA:MUB)

Summit Asset Management LLC decreased its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 20.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,180 shares of the exchange traded fund’s stock after selling 570 shares during the period. Summit Asset Management LLC’s holdings in iShares National Muni Bond ETF were worth $236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC increased its position in shares of iShares National Muni Bond ETF by 1.3% during the third quarter. FMR LLC now owns 24,479,229 shares of the exchange traded fund’s stock worth $2,510,100,000 after buying an additional 315,999 shares during the period. TIAA Trust National Association bought a new position in iShares National Muni Bond ETF during the third quarter worth $1,271,354,000. Creative Planning boosted its position in shares of iShares National Muni Bond ETF by 5.3% during the 3rd quarter. Creative Planning now owns 11,686,881 shares of the exchange traded fund’s stock worth $1,198,373,000 after purchasing an additional 585,104 shares in the last quarter. Bank of New York Mellon Corp grew its stake in iShares National Muni Bond ETF by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 10,354,933 shares of the exchange traded fund’s stock valued at $1,061,795,000 after acquiring an additional 202,820 shares during the period. Finally, Betterment LLC raised its position in shares of iShares National Muni Bond ETF by 4.2% during the third quarter. Betterment LLC now owns 10,261,126 shares of the exchange traded fund’s stock worth $1,052,176,000 after purchasing an additional 416,186 shares during the period.

iShares National Muni Bond ETF Stock Performance

MUB stock traded up $0.13 during midday trading on Thursday, reaching $106.33. 1,735,950 shares of the company’s stock traded hands, compared to its average volume of 3,634,930. The firm’s fifty day moving average price is $107.20 and its 200-day moving average price is $106.57. iShares National Muni Bond ETF has a 52 week low of $100.78 and a 52 week high of $108.82.

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).