Montecito Bank & Trust Makes New $4.62 Million Investment in iShares National Muni Bond ETF (NYSEARCA:MUB)

Montecito Bank & Trust purchased a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,560 shares of the exchange traded fund’s stock, valued at approximately $4,623,000. iShares National Muni Bond ETF makes up approximately 0.8% of Montecito Bank & Trust’s investment portfolio, making the stock its 29th biggest position.

Other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in iShares National Muni Bond ETF by 8.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 18,518,502 shares of the exchange traded fund’s stock valued at $1,973,146,000 after buying an additional 1,512,868 shares during the last quarter. Creative Planning grew its stake in shares of iShares National Muni Bond ETF by 6.1% during the 3rd quarter. Creative Planning now owns 12,627,580 shares of the exchange traded fund’s stock valued at $1,371,734,000 after purchasing an additional 723,492 shares during the period. US Bancorp DE grew its stake in shares of iShares National Muni Bond ETF by 2.6% during the 1st quarter. US Bancorp DE now owns 7,264,339 shares of the exchange traded fund’s stock valued at $781,644,000 after purchasing an additional 186,369 shares during the period. LPL Financial LLC increased its position in shares of iShares National Muni Bond ETF by 9.1% during the 2nd quarter. LPL Financial LLC now owns 6,997,325 shares of the exchange traded fund’s stock valued at $745,565,000 after purchasing an additional 582,636 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares National Muni Bond ETF by 16.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,085,414 shares of the exchange traded fund’s stock worth $647,263,000 after purchasing an additional 864,732 shares during the period.

iShares National Muni Bond ETF Price Performance

MUB opened at $105.93 on Thursday. iShares National Muni Bond ETF has a 12-month low of $102.88 and a 12-month high of $108.82. The company’s 50 day moving average is $107.86 and its 200 day moving average is $107.26.

iShares National Muni Bond ETF Company 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).