Waterway Wealth Management LLC Makes New $21.20 Million Investment in iShares National Muni Bond ETF $MUB

Waterway Wealth Management LLC acquired a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 199,046 shares of the exchange traded fund’s stock, valued at approximately $21,196,000. iShares National Muni Bond ETF makes up about 4.1% of Waterway Wealth Management LLC’s holdings, making the stock its 7th largest position. Waterway Wealth Management LLC owned about 0.05% of iShares National Muni Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new position in shares of iShares National Muni Bond ETF in the fourth quarter worth $325,000. Revolve Wealth Partners LLC increased its position in iShares National Muni Bond ETF by 10.7% during the 4th quarter. Revolve Wealth Partners LLC now owns 124,193 shares of the exchange traded fund’s stock worth $13,233,000 after purchasing an additional 11,989 shares in the last quarter. Bison Wealth LLC purchased a new stake in iShares National Muni Bond ETF during the 4th quarter worth about $516,000. AQR Capital Management LLC raised its stake in iShares National Muni Bond ETF by 21.2% in the 1st quarter. AQR Capital Management LLC now owns 13,285 shares of the exchange traded fund’s stock valued at $1,401,000 after purchasing an additional 2,322 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in iShares National Muni Bond ETF by 11.6% in the 2nd quarter. Blair William & Co. IL now owns 38,184 shares of the exchange traded fund’s stock valued at $3,989,000 after purchasing an additional 3,958 shares in the last quarter. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Price Performance

Shares of MUB opened at $107.79 on Tuesday. The company’s 50 day simple moving average is $107.29 and its 200 day simple moving average is $106.45. iShares National Muni Bond ETF has a 1 year low of $100.29 and a 1 year high of $107.96.

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.