Pure Financial Advisors LLC has significantly increased its investment in the iShares National Muni Bond ETF (NYSEARCA: MUB) by 39.6% during the third quarter of 2023. The firm disclosed this information in its latest filing with the Securities and Exchange Commission, indicating that it now owns 75,986 shares of the exchange-traded fund after acquiring an additional 21,558 shares in the recent quarter. The total value of Pure Financial Advisors’ holdings in the fund is approximately $8,092,000.
Multiple hedge funds have also adjusted their positions in the iShares National Muni Bond ETF recently. For instance, BankPlus Wealth Management LLC raised its stake by 1.9% in the second quarter, bringing its total to 5,443 shares, valued at $569,000. Similarly, SWS Partners increased its holdings by 0.5% in the third quarter, now owning 20,895 shares valued at $2,225,000.
Other notable movements include Nvwm LLC, which raised its position by 2.2%, now owning 4,591 shares worth $489,000, and Kagan Cocozza Asset Management, which increased its stake by 1.6% to 6,862 shares, valued at $717,000. Little House Capital LLC also boosted its holdings by 2.1%, now owning 5,564 shares worth $581,000. Collectively, institutional investors and hedge funds own approximately 90.19% of the stock.
Market Performance of iShares National Muni Bond ETF
On Tuesday, the iShares National Muni Bond ETF opened at $107.04, reflecting current market conditions. The fund has a fifty-day simple moving average of $107.13 and a two-hundred-day moving average of $105.69. Over the past year, the ETF has experienced fluctuations, with a low of $100.29 and a high of $107.72.
This exchange-traded fund aims to provide investment results that correspond to the price and yield performance of the S&P National AMT-Free Municipal Bond Index. The index measures the performance of the investment-grade segment of the United States municipal bond market, and the fund invests in a sample of securities that collectively mirror the index’s investment profile.
Investors interested in further details regarding holdings in the iShares National Muni Bond ETF can visit platforms that track institutional investments and insider trades. These resources provide up-to-date information on recent transactions and analyst ratings for the ETF and related companies.
