Valmark Advisers Inc. boosted its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,483 shares of the exchange traded fund’s stock after purchasing an additional 8,867 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares National Muni Bond ETF were worth $9,499,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Karpus Management Inc. bought a new stake in iShares National Muni Bond ETF in the fourth quarter valued at $25,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares National Muni Bond ETF during the first quarter valued at $26,000. Turning Point Benefit Group Inc. bought a new position in shares of iShares National Muni Bond ETF during the third quarter worth about $26,000. Dunhill Financial LLC grew its position in shares of iShares National Muni Bond ETF by 807.1% during the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 226 shares during the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new stake in shares of iShares National Muni Bond ETF in the 4th quarter worth about $28,000. 90.19% of the stock is currently owned by institutional investors.
iShares National Muni Bond ETF Stock Up 0.1%
Shares of MUB stock traded up $0.07 during trading hours on Friday, reaching $107.01. The stock had a trading volume of 1,752,480 shares, compared to its average volume of 3,668,951. The firm has a 50-day simple moving average of $106.97 and a 200-day simple moving average of $107.22. iShares National Muni Bond ETF has a twelve month low of $103.14 and a twelve month high of $109.00.
About iShares National Muni Bond ETF
iShares National AMT-Free Muni Bond ETF (the Fund), formerly iShares S&P National AMT-Free Municipal Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P National AMT-Free Municipal Bond Index (the Index). The Index measures the performance of the investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.
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