Salomon & Ludwin LLC Increases Stake in iShares National Muni Bond ETF

Salomon & Ludwin LLC has increased its holdings in the iShares National Muni Bond ETF (NYSEARCA:MUB) by 2.6% during the second quarter of 2023. This information comes from the firm’s recent 13F filing with the U.S. Securities and Exchange Commission (SEC). Following the acquisition of an additional 6,255 shares, Salomon & Ludwin LLC now owns a total of 243,456 shares, valued at approximately $25.41 million, which constitutes about 2.5% of their overall portfolio.

The iShares National Muni Bond ETF is now positioned as the 12th largest investment for Salomon & Ludwin LLC. This growth reflects a broader trend among institutional investors, as numerous hedge funds have also adjusted their stakes in the ETF.

In related developments, BankPlus Wealth Management LLC raised its position in the iShares National Muni Bond ETF by 1.9% during the second quarter. The firm now holds 5,443 shares, valued at $569,000, after acquiring 99 additional shares. Similarly, Wakefield Asset Management LLLP increased its position by 1.1% in the first quarter, bringing its total to 9,017 shares valued at $951,000 after purchasing 100 more shares.

Other institutional investors have followed suit. Collaborative Wealth Management Inc. increased its position by 2.5%, now owning 4,192 shares valued at $442,000 after buying 103 shares. Kathleen S. Wright Associates Inc. raised its stake by 5.2%, owning 2,211 shares valued at $233,000 following the acquisition of 109 shares. Kagan Cocozza Asset Management also increased its holdings by 1.6% during the second quarter, now owning 6,862 shares valued at $717,000.

Institutional and hedge fund investors collectively own approximately 90.19% of the iShares National Muni Bond ETF, indicating significant confidence in the fund’s performance.

As of the latest trading session, iShares National Muni Bond ETF shares opened at $107.42. The ETF has a 50-day moving average price of $105.63 and a 200-day moving average price of $104.49. Over the past year, the ETF has experienced a low of $100.29 and a high of $108.60.

The iShares National AMT-Free Muni Bond ETF aims to track the price and yield performance of the S&P National AMT-Free Municipal Bond Index. Investors interested in this ETF can explore further details through various financial reporting platforms.