Smithbridge Asset Management Inc. DE Invests $3.65 Million in iShares National Muni Bond ETF $MUB

Smithbridge Asset Management Inc. DE acquired a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) in the first quarter, HoldingsChannel reports. The fund acquired 34,403 shares of the exchange traded fund’s stock, valued at approximately $3,652,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MUB. Aegis Wealth Management Inc. bought a new position in shares of iShares National Muni Bond ETF during the fourth quarter worth $552,000. Confluence Investment Management LLC increased its position in shares of iShares National Muni Bond ETF by 30.9% in the 4th quarter. Confluence Investment Management LLC now owns 29,933 shares of the exchange traded fund’s stock valued at $3,206,000 after buying an additional 7,072 shares in the last quarter. Cahaba Wealth Management Inc. increased its position in shares of iShares National Muni Bond ETF by 3.4% in the 4th quarter. Cahaba Wealth Management Inc. now owns 350,964 shares of the exchange traded fund’s stock valued at $37,592,000 after buying an additional 11,597 shares in the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new stake in shares of iShares National Muni Bond ETF in the 3rd quarter valued at $777,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in iShares National Muni Bond ETF during the 3rd quarter worth $12,404,000. Institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Down 0.3%

MUB stock opened at $107.34 on Thursday. The business’s 50-day moving average price is $106.98 and its two-hundred day moving average price is $107.21. iShares National Muni Bond ETF has a 1-year low of $103.14 and a 1-year high of $109.00.

iShares National Muni Bond ETF Company 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.