25 LLC has decreased its investment in the iShares National Muni Bond ETF (NYSEARCA:MUB) by 4.7% during the third quarter of 2023, as disclosed in a recent filing with the Securities and Exchange Commission. The firm now holds 97,800 shares after selling 4,848 shares in the period. This adjustment places the iShares National Muni Bond ETF as the 9th largest position in 25 LLC’s portfolio, representing approximately 3.5% of the total holdings. At the end of the reporting period, the value of this investment was approximately $10,415,000.
Several other institutional investors have also made changes to their positions in the iShares National Muni Bond ETF. Hollencrest Capital Management acquired a new stake valued at around $26,000 in the second quarter. Similarly, Total Investment Management Inc. purchased a stake worth approximately $33,000 during the same period. In the first quarter, HFM Investment Advisors LLC invested about $37,000, while Mattson Financial Services LLC bought in for around $41,000. Harbor Asset Planning Inc. also entered the market with a new position valued at $43,000 in the second quarter. Notably, institutional investors and hedge funds collectively own approximately 90.19% of the ETF’s stock.
The iShares National Muni Bond ETF traded at $106.96 on Friday, marking a slight increase of 0.2%. The ETF’s fifty-day simple moving average stands at $107.15, while its two-hundred-day moving average is $105.62. Over the past year, the ETF has seen a low of $100.29 and a high of $107.72.
Understanding the iShares National Muni Bond ETF
The iShares National Muni Bond ETF, previously known as the iShares S&P National AMT-Free Municipal Bond Fund, is designed to track the performance of the S&P National AMT-Free Municipal Bond Index. This index reflects the investment-grade segment of the United States municipal bond market. The ETF invests in a representative sample of securities included in the index, aiming to achieve investment results that closely align with the index’s price and yield performance.
As interest in municipal bonds continues to evolve, the iShares National Muni Bond ETF remains a significant player in the market, attracting attention from various institutional investors. The recent adjustments in holdings by firms like 25 LLC highlight the dynamic nature of investment strategies in the current financial landscape.
For those interested in further details regarding institutional holdings and transactions, resources are available, including the latest 13F filings and insider trades for the iShares National Muni Bond ETF.
