Municipal bond funds reported inflows for the fourth week in a row, according to Lipper data released on Thursday.
Weekly reporting funds experienced $349.038 million of inflows in the week ended Oct. 28, after inflows of $240.718 million in the previous week, Lipper said.
The latest inflow brings to 23 out of 44 weeks this year that the funds have seen cash flowing in. Inflows for the year to date remain in the green, totaling about $3 billion.
The four-week moving average remained positive at $456.144 million after being in the green at $305.770 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 $423.093 million in the latest week, on top of inflows of $386.074 million in the previous week. Intermediate-term funds had inflows of $107.447 million after outflows of $78.649 million in the prior week.
National funds saw inflows of $356.881 million after inflows of 244.369 million in the prior week. High-yield muni funds reported inflows of $264.632 million in the latest reporting week, after an inflow of $280.664 million the previous week.
Exchange traded funds saw inflows of $201.311 million, after inflows of $92.863 million in the previous week.
