25 LLC has decreased its investment in the iShares National Muni Bond ETF (NYSEARCA:MUB) by 4.7% during the third quarter of 2023, according to a recent filing with the Securities and Exchange Commission. The firm now holds 97,800 shares of the exchange-traded fund after selling 4,848 shares during the quarter. This adjustment means that the ETF represents approximately 3.5% of 25 LLC’s overall portfolio, making it the ninth largest position in their investment strategy. At the conclusion of the reporting period, these holdings were valued at about $10.4 million.
In addition to 25 LLC, several other significant investors have made recent adjustments to their stakes in the iShares National Muni Bond ETF. Notable among them, Hollencrest Capital Management acquired a new position in the ETF in the second quarter, valued at approximately $26,000. Similarly, Total Investment Management Inc. purchased a stake worth around $33,000, while HFM Investment Advisors LLC and Mattson Financial Services LLC made new investments in the first quarter, valued at approximately $37,000 and $41,000, respectively. Lastly, Harbor Asset Planning Inc. entered the market with a position valued at $43,000 in the second quarter. It is noteworthy that approximately 90.19% of the iShares National Muni Bond ETF is owned by hedge funds and institutional investors.
The ETF’s performance appears stable, with shares opening at $106.96 on a recent trading day. The fifty-day simple moving average stands at $107.15, while the two-hundred-day simple moving average is $105.62. Over the past year, the iShares National Muni Bond ETF has traded between a low of $100.29 and a high of $107.72.
Understanding the iShares National Muni Bond ETF
The iShares National AMT-Free Muni Bond ETF, previously known as the iShares S&P National AMT-Free Municipal Bond Fund, is designed to mirror the price and yield performance of the S&P National AMT-Free Municipal Bond Index. This index tracks the performance of the investment-grade segment of the U.S. municipal bond market, and the ETF invests in a representative sample of securities from this index, ensuring a similar investment profile.
Investors interested in the iShares National Muni Bond ETF can find additional insights, including the latest 13F filings and insider trades, on resources like HoldingsChannel.com. As the market continues to evolve, the actions of firms such as 25 LLC and others will likely influence the ETF’s trajectory and the broader municipal bond landscape.
