

Balefire LLC acquired a new stake in iShares Long-Term National Muni Bond ETF (NYSEARCA:LMUB) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,318 shares of the company's stock, valued at approximately $836,000. Other institutional investors also recently bought and sold shares

Fund-level leverage is only attractive when carry or capital gains potential is high; current tight spreads and an inverted yield curve make it less appealing. For tax-exempt CEFs, higher yields often come from longer duration, not leverage; unleveraged long-duration funds or ETFs can offer similar or better yields. Investors should not assume more leverage is always better; careful, situation-specific exposure to fund-level leverage is key to balancing risk and return.
No recent filings indexed.