Municipal bond funds reported inflows for the third week in a row, according to Lipper data released on Thursday.
Weekly reporting funds experienced $240.718 million of inflows in the week ended Oct. 21, after inflows of $520.807 million in the previous week, Lipper said.
The latest inflow brings to 22 out of 43 weeks this year that the funds have seen cash flowing in. Inflows for the year to date remain in the green, totaling over $2.7 billion.
The four-week moving average remained positive at $305.770 million after being in the green at $303.404 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 $386.074 million in the latest week, on top of inflows of $400.314 million in the previous week. However, intermediate-term funds had outflows of $78.649 million after inflows of $47.494 million in the prior week.
High-yield muni funds reported inflows of $280.664 million in the latest reporting week, after an inflow of $206.815 million the previous week.
Exchange traded funds saw inflows of $92.863 million, after inflows of $38.337 million in the previous week.
