Silver Grove Financial Group Inc. Acquires 7,018 Shares of iShares National Muni Bond ETF $MUB

Silver Grove Financial Group Inc. increased its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 38.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 25,265 shares of the exchange traded fund’s stock after purchasing an additional 7,018 shares during the period. iShares National Muni Bond ETF accounts for approximately 1.2% of Silver Grove Financial Group Inc.’s investment portfolio, making the stock its 12th biggest holding. Silver Grove Financial Group Inc.’s holdings in iShares National Muni Bond ETF were worth $2,554,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Prospect Financial Group LLC bought a new stake in shares of iShares National Muni Bond ETF in the 3rd quarter valued at about $6,653,000. Philadelphia Trust Co. acquired a new stake in shares of iShares National Muni Bond ETF in the third quarter valued at about $2,051,000. Confluence Wealth Services Inc. increased its stake in shares of iShares National Muni Bond ETF by 55.6% in the third quarter. Confluence Wealth Services Inc. now owns 176,206 shares of the exchange traded fund’s stock valued at $17,814,000 after buying an additional 62,938 shares during the period. AMG National Trust Bank bought a new position in shares of iShares National Muni Bond ETF during the third quarter worth about $13,657,000. Finally, Lido Advisors LLC bought a new position in shares of iShares National Muni Bond ETF during the third quarter worth about $13,205,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Down 0.4%

iShares National Muni Bond ETF stock opened at $104.54 on Wednesday. The stock’s 50 day moving average is $102.76 and its 200 day moving average is $105.85. iShares National Muni Bond ETF has a one year low of $100.07 and a one year high of $109.00.

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.