Salomon & Ludwin LLC Increases iShares Muni Bond ETF Holdings by 2.6%

Salomon & Ludwin LLC has enhanced its investment in the iShares National Muni Bond ETF (NYSEARCA:MUB) by 2.6% during the second quarter of 2023, according to its recent 13F filing with the U.S. Securities and Exchange Commission (SEC). The firm now holds a total of 243,456 shares of the ETF after acquiring an additional 6,255 shares in this period. This investment represents approximately 2.5% of Salomon & Ludwin’s overall portfolio, positioning it as the firm’s 12th largest holding.

The value of Salomon & Ludwin’s stake in the iShares National Muni Bond ETF amounts to around $25.41 million, reflecting a significant commitment to municipal bonds. Institutional investments have shown a robust presence in MUB, with approximately 90.19% of the ETF owned by various institutional investors and hedge funds.

Several other investment firms have also adjusted their positions in the iShares National Muni Bond ETF. For example, BankPlus Wealth Management LLC increased its holdings by 1.9% during the same quarter, bringing its total to 5,443 shares valued at $569,000. Similarly, Wakefield Asset Management LLLP raised its stake by 1.1%, now owning 9,017 shares worth $951,000 after purchasing an additional 100 shares.

Collaborative Wealth Management Inc. and Kathleen S. Wright Associates Inc. have also made notable increases in their holdings. Collaborative Wealth Management raised its position by 2.5% to a total of 4,192 shares valued at $442,000. In contrast, Kathleen S. Wright Associates increased its stake by 5.2%, now holding 2,211 shares valued at $233,000.

Kagan Cocozza Asset Management also contributed to the growth in institutional ownership by boosting its position in the ETF by 1.6%, resulting in a total of 6,862 shares valued at $717,000.

The iShares National Muni Bond ETF has shown solid performance in the market, opening at $107.42 on the most recent trading day. The ETF has a 50-day moving average price of $105.63 and a two-hundred-day moving average price of $104.49. Over the past year, the ETF has fluctuated significantly, reaching a twelve-month low of $100.29 and a high of $108.60.

The iShares National AMT-Free Muni Bond ETF, previously known as the iShares S&P National AMT-Free Municipal Bond Fund, aims to replicate the price and yield performance of the S&P National AMT-Free Municipal Bond Index.

This increasing interest from institutional investors highlights the ongoing confidence in municipal bonds as a stable investment option, reflecting broader trends in the financial markets. For more details on institutional holdings and trading activity related to the iShares National Muni Bond ETF, interested parties can visit HoldingsChannel.com, which offers comprehensive insights into recent 13F filings and insider trades.