Succession Financial Inc. acquired a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,926 shares of the exchange traded fund’s stock, valued at approximately $638,000. iShares National Muni Bond ETF comprises 0.6% of Succession Financial Inc.’s investment portfolio, making the stock its 15th largest position.
Several other institutional investors and hedge funds have also bought and sold shares of MUB. Karpus Management Inc. purchased a new stake in iShares National Muni Bond ETF in the fourth quarter worth $25,000. IMG Wealth Management Inc. lifted its position in shares of iShares National Muni Bond ETF by 79.9% during the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after buying an additional 107 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of iShares National Muni Bond ETF during the 3rd quarter valued at $26,000. MBM Wealth Consultants LLC bought a new position in shares of iShares National Muni Bond ETF during the 1st quarter worth $26,000. Finally, Asset Dedication LLC grew its stake in shares of iShares National Muni Bond ETF by 9,833.3% during the 1st quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 295 shares during the period. 90.19% of the stock is owned by institutional investors.
iShares National Muni Bond ETF Price Performance
Shares of MUB opened at $104.03 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $103.99 and a fifty-two week high of $109.00. The business has a 50-day moving average of $106.00 and a 200 day moving average of $106.70.
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.
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