Municipal bond funds reported inflows for the seventh week in a row, according to Lipper data released on Thursday.
Weekly reporting funds experienced $384.566 million of inflows in the week ended Nov. 18, after inflows of $329.498 million in the previous week, Lipper said.
The latest inflow brings to 26 out of 47 weeks this year that the funds have seen cash flowing in. Flows for the year to date remain positive, totaling over $3 billion.
The four-week moving average remained positive at $281.524 million after being in the green at $245.562 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 $345.209 million in the latest week, on top of inflows of $165.507 million in the previous week. Intermediate-term funds had inflows of $47.681 million after inflows of $110.967 million in the prior week.
National funds saw inflows of $363.029 million after inflows of $303.467 million in the prior week. High-yield muni funds reported inflows of $127.042 million in the latest reporting week, after an inflow of $52.103 million the previous week.
Exchange traded funds saw inflows of $121.760 million, after inflows of $100.362 million in the previous week.
