Wealth Management Resources Inc. decreased its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) by 12.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 38,087 shares of the exchange traded fund’s stock after selling 5,377 shares during the quarter. iShares National Muni Bond ETF comprises approximately 1.4% of Wealth Management Resources Inc.’s investment portfolio, making the stock its 17th largest holding. Wealth Management Resources Inc.’s holdings in iShares National Muni Bond ETF were worth $4,043,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Karpus Management Inc. purchased a new position in iShares National Muni Bond ETF in the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. purchased a new stake in shares of iShares National Muni Bond ETF during the 3rd quarter worth approximately $26,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares National Muni Bond ETF in the 1st quarter valued at $26,000. Dunhill Financial LLC boosted its holdings in shares of iShares National Muni Bond ETF by 807.1% in the 4th quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock valued at $27,000 after buying an additional 226 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of iShares National Muni Bond ETF in the 4th quarter valued at $28,000. 90.19% of the stock is owned by institutional investors and hedge funds.
iShares National Muni Bond ETF Price Performance
NYSEARCA MUB opened at $107.50 on Friday. The firm’s fifty day moving average price is $106.98 and its 200 day moving average price is $107.21. iShares National Muni Bond ETF has a 12 month low of $103.14 and a 12 month high of $109.00.
iShares National Muni Bond ETF Profile
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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