Elk River Wealth Management LLC Has $1.43 Million Stake in iShares National Muni Bond ETF $MUB

Elk River Wealth Management LLC raised its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 207.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,324 shares of the exchange traded fund’s stock after buying an additional 8,991 shares during the period. Elk River Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $1,427,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Turning Point Benefit Group Inc. acquired a new position in iShares National Muni Bond ETF in the third quarter valued at about $26,000. Dunhill Financial LLC lifted its stake in iShares National Muni Bond ETF by 807.1% in the fourth 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 during the period. Carolina Wealth Advisors LLC acquired a new position in iShares National Muni Bond ETF in the fourth quarter valued at about $28,000. Imprint Wealth LLC acquired a new position in iShares National Muni Bond ETF in the third quarter valued at about $35,000. Finally, JDM Financial Group LLC acquired a new position in iShares National Muni Bond ETF in the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA:MUB opened at $105.93 on Thursday. iShares National Muni Bond ETF has a 1-year low of $103.14 and a 1-year high of $109.00. The business’s 50-day moving average price is $106.74 and its two-hundred day moving average price is $107.22.

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.