Institutional Investors Increase Holdings in iShares Long-Term National Muni Bond ETF
1 report, 1 independent
Updated Oct 23
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What happened
During the third quarter, several financial firms increased their positions in the iShares Long-Term National Muni Bond ETF. Sharkey Howes & Javer acquired 15,800 shares, valued at approximately $735,000, while Diversify Advisory Services LLC raised its stake by 29.8% to own 113,139 shares. Other firms involved in the purchases include Diligent Investors LLC, Islay Capital Management LLC, and Maia Wealth LLC.
From themarketsdaily.com
Why it matters
The increased buying activity by institutional investors suggests growing demand for long-term municipal bonds. This trend indicates capital flow into the fixed-income sector, potentially influencing the pricing and liquidity of municipal debt instruments.
From themarketsdaily.com