Financial Planning Navigators CORP Makes New $2.64 Million Investment in iShares National Muni Bond ETF $MUB

Financial Planning Navigators CORP acquired a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 26,073 shares of the exchange traded fund’s stock, valued at approximately $2,636,000. iShares National Muni Bond ETF accounts for 1.0% of Financial Planning Navigators CORP’s portfolio, making the stock its 18th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE grew its holdings in shares of iShares National Muni Bond ETF by 12.8% in the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after purchasing an additional 4,763,839 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares National Muni Bond ETF by 5.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock worth $1,892,488,000 after purchasing an additional 880,501 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in iShares National Muni Bond ETF by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock valued at $775,280,000 after purchasing an additional 214,265 shares during the last quarter. Cetera Investment Advisers lifted its holdings in iShares National Muni Bond ETF by 14.9% during the 1st quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after purchasing an additional 416,372 shares during the last quarter. Finally, Assetmark Inc. lifted its holdings in iShares National Muni Bond ETF by 4.2% during the 1st quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after purchasing an additional 129,497 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA:MUB traded down $0.12 on Wednesday, reaching $101.65. The stock had a trading volume of 17,099,102 shares, compared to its average volume of 5,782,777. iShares National Muni Bond ETF has a 1-year low of $100.07 and a 1-year high of $109.00. The stock has a fifty day moving average price of $103.55 and a 200-day moving average price of $105.63.

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.