StoneX Group Inc. Makes New Investment in iShares National Muni Bond ETF $MUB

StoneX Group Inc. bought a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the 3rd quarter, Holdings Channel.com reports. The firm bought 44,153 shares of the exchange traded fund’s stock, valued at approximately $4,523,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Verus Capital Partners LLC increased its holdings in iShares National Muni Bond ETF by 23.1% in the 3rd quarter. Verus Capital Partners LLC now owns 41,539 shares of the exchange traded fund’s stock valued at $4,200,000 after purchasing an additional 7,796 shares in the last quarter. Tennessee Valley Asset Management Partners raised its position in iShares National Muni Bond ETF by 8.6% in the third quarter. Tennessee Valley Asset Management Partners now owns 13,632 shares of the exchange traded fund’s stock valued at $1,378,000 after purchasing an additional 1,075 shares during the period. Parallel Advisors LLC raised its position in iShares National Muni Bond ETF by 10.8% in the third quarter. Parallel Advisors LLC now owns 28,393 shares of the exchange traded fund’s stock valued at $2,870,000 after purchasing an additional 2,772 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of iShares National Muni Bond ETF during the third quarter worth about $290,000. Finally, Guidance Capital Inc. lifted its stake in shares of iShares National Muni Bond ETF by 3.3% during the third quarter. Guidance Capital Inc. now owns 13,552 shares of the exchange traded fund’s stock worth $1,408,000 after purchasing an additional 427 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Performance

Shares of MUB opened at $104.91 on Friday. iShares National Muni Bond ETF has a 12 month low of $100.07 and a 12 month high of $109.00. The stock’s 50-day moving average is $102.78 and its two-hundred day moving average is $105.87.

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.