Municipal bond funds reported inflows for the sixth week in a row, according to Lipper data released on Thursday.
Weekly reporting funds experienced $329.498 million of inflows in the week ended Nov. 11, after inflows of $62.996 million in the previous week, Lipper said.
The latest inflow brings to 25 out of 46 weeks this year that cash has flowed into the funds. Flows for the year to date are in the green, totaling about $3.329 billion.
The four-week moving average remained positive at $245.562 million after being in the green at $293.390 million in the previous week. A moving average is an analytical tool used to smooth out price changes by filtering out fluctuations.
Long-term muni bond funds also experienced inflows, gaining $165.507 million in the latest week, on top of inflows of $39.828 million in the previous week. Intermediate-term funds had inflows of $110.967 million after inflows of $30.657 million in the prior week.
National funds saw inflows of $303.467 million after inflows of $39.185 million in the prior week. High-yield muni funds reported inflows of $52.103 million in the latest reporting week, after an inflow of $52.653 million the previous week.
Exchange traded funds saw inflows of $100.362 million, after inflows of $9.996 million in the previous week.
