Divergent Planning LLC Invests $288,000 in iShares National Muni Bond ETF $MUB

Divergent Planning LLC acquired a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,759 shares of the exchange traded fund’s stock, valued at approximately $288,000.

A number of other institutional investors also recently made changes to their positions in MUB. Betterment LLC grew its holdings in iShares National Muni Bond ETF by 0.8% during the 1st quarter. Betterment LLC now owns 18,408,702 shares of the exchange traded fund’s stock worth $1,941,014,000 after acquiring an additional 150,443 shares in the last quarter. LPL Financial LLC grew its stake in iShares National Muni Bond ETF by 3.1% in the first quarter. LPL Financial LLC now owns 9,936,130 shares of the exchange traded fund’s stock worth $1,047,666,000 after purchasing an additional 299,520 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in iShares National Muni Bond ETF by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,199,988 shares of the exchange traded fund’s stock valued at $970,047,000 after buying an additional 802,170 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in iShares National Muni Bond ETF by 7.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,588,089 shares of the exchange traded fund’s stock valued at $800,088,000 after buying an additional 550,570 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in iShares National Muni Bond ETF by 34.4% during the 2nd quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock worth $767,087,000 after buying an additional 1,877,664 shares during the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA:MUB opened at $107.51 on Tuesday. The company’s fifty day moving average is $105.70 and its two-hundred day moving average is $104.49. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $108.60.

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).