Northeast Financial Group Inc. Sells 29,586 Shares of iShares National Muni Bond ETF $MUB

Northeast Financial Group Inc. trimmed its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 19.5% in the first quarter, Holdings Channel reports. The institutional investor owned 121,903 shares of the exchange traded fund’s stock after selling 29,586 shares during the period. iShares National Muni Bond ETF makes up 3.2% of Northeast Financial Group Inc.’s holdings, making the stock its 7th biggest holding. Northeast Financial Group Inc.’s holdings in iShares National Muni Bond ETF were worth $12,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in MUB. Gateway Wealth Partners LLC lifted its stake in iShares National Muni Bond ETF by 393.3% during the first quarter. Gateway Wealth Partners LLC now owns 35,301 shares of the exchange traded fund’s stock worth $3,747,000 after purchasing an additional 28,145 shares during the last quarter. Turim 21 Investimentos Ltda. acquired a new stake in iShares National Muni Bond ETF during the first quarter worth approximately $161,000. Blue Chip Partners LLC boosted its holdings in shares of iShares National Muni Bond ETF by 191.9% in the 1st quarter. Blue Chip Partners LLC now owns 13,896 shares of the exchange traded fund’s stock valued at $1,475,000 after buying an additional 9,136 shares in the last quarter. FreeGulliver LLC boosted its holdings in shares of iShares National Muni Bond ETF by 3.8% in the 1st quarter. FreeGulliver LLC now owns 3,812 shares of the exchange traded fund’s stock valued at $405,000 after buying an additional 139 shares in the last quarter. Finally, Matrix Private Capital Group LLC purchased a new position in shares of iShares National Muni Bond ETF in the 1st quarter valued at $382,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of NYSEARCA:MUB opened at $105.55 on Monday. iShares National Muni Bond ETF has a 12 month low of $103.43 and a 12 month high of $109.00. The company’s fifty day moving average price is $106.87 and its 200 day moving average price is $107.17.

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.