Municipal bond funds reported inflows for the fifth week in a row, according to Lipper data released on Thursday.
Weekly reporting funds experienced $62.996 million of inflows in the week ended Nov. 4, after inflows of $349.038 million in the previous week, Lipper said.
The latest inflow brings to 24 out of 45 weeks this year that the funds have seen cash flowing in. Inflows for the year to date are in the green, totaling about $3 billion.
The four-week moving average remained positive at $293.390 million after being in the green at $456.144 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 $39.828 million in the latest week, on top of inflows of $423.093 million in the previous week. Intermediate-term funds had inflows of $30.657 million after inflows of $107.447 million in the prior week.
National funds saw inflows of $39.185 million after inflows of $356.881 million in the prior week. High-yield muni funds reported inflows of $52.653 million in the latest reporting week, after an inflow of $264.632 million the previous week.
Exchange traded funds saw inflows of $9.996 million, after inflows of $201.311 million in the previous week.
