Grimes & Company Inc. Purchases 517 Shares of iShares National Muni Bond ETF $MUB

Grimes & Company Inc. boosted its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 18.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 3,353 shares of the exchange traded fund’s stock after acquiring an additional 517 shares during the period. Grimes & Company Inc.’s holdings in iShares National Muni Bond ETF were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Betterment LLC boosted its stake in iShares National Muni Bond ETF by 0.8% during the first quarter. Betterment LLC now owns 18,408,702 shares of the exchange traded fund’s stock valued at $1,941,014,000 after buying an additional 150,443 shares during the last quarter. LPL Financial LLC raised its position in iShares National Muni Bond ETF by 3.1% during the first quarter. LPL Financial LLC now owns 9,936,130 shares of the exchange traded fund’s stock valued at $1,047,666,000 after purchasing an additional 299,520 shares during the period. Charles Schwab Investment Management Inc. raised its position in iShares National Muni Bond ETF by 9.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,199,988 shares of the exchange traded fund’s stock valued at $970,047,000 after purchasing an additional 802,170 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in iShares National Muni Bond ETF by 7.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,588,089 shares of the exchange traded fund’s stock valued at $800,088,000 after purchasing an additional 550,570 shares during the period. Finally, TIAA Trust National Association raised its position in iShares National Muni Bond ETF by 3.9% during the first quarter. TIAA Trust National Association now owns 5,074,273 shares of the exchange traded fund’s stock valued at $535,031,000 after purchasing an additional 191,598 shares during the period. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Stock Performance

Shares of MUB stock opened at $106.54 on Wednesday. iShares National Muni Bond ETF has a 1 year low of $100.29 and a 1 year high of $108.60. The stock’s 50 day simple moving average is $105.16 and its two-hundred day simple moving average is $104.39.

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).