20,280 Shares in iShares National Muni Bond ETF $MUB Purchased by Independent Financial Group LLC

Independent Financial Group LLC purchased a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 20,280 shares of the exchange traded fund’s stock, valued at approximately $2,153,000.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of iShares National Muni Bond ETF by 11.3% during the 4th quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock valued at $4,000,539,000 after purchasing an additional 3,779,406 shares in the last quarter. Wellington Management Group LLP purchased a new stake in iShares National Muni Bond ETF during the third quarter worth $387,198,000. Allstate Corp boosted its holdings in iShares National Muni Bond ETF by 173.3% during the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after buying an additional 1,912,851 shares in the last quarter. Betterment LLC boosted its holdings in iShares National Muni Bond ETF by 9.5% during the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after buying an additional 1,646,689 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its position in iShares National Muni Bond ETF by 13.8% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 8,549,244 shares of the exchange traded fund’s stock valued at $915,710,000 after buying an additional 1,037,682 shares during the period. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Down 0.0%

MUB opened at $106.58 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $103.14 and a fifty-two week high of $109.00. The company has a fifty day moving average of $106.95 and a two-hundred day moving average of $107.22.

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.