Fort Point Capital Partners LLC Purchases 44,635 Shares of iShares National Muni Bond ETF $MUB

Fort Point Capital Partners LLC increased its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 22.4% during the third quarter, Holdings Channel.com reports. The firm owned 243,934 shares of the exchange traded fund’s stock after buying an additional 44,635 shares during the quarter. iShares National Muni Bond ETF accounts for approximately 3.1% of Fort Point Capital Partners LLC’s holdings, making the stock its 7th biggest position. Fort Point Capital Partners LLC’s holdings in iShares National Muni Bond ETF were worth $25,977,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Hollencrest Capital Management bought a new stake in iShares National Muni Bond ETF during the 2nd quarter valued at $26,000. Total Investment Management Inc. bought a new position in shares of iShares National Muni Bond ETF in the second quarter valued at $33,000. Imprint Wealth LLC bought a new position in shares of iShares National Muni Bond ETF in the third quarter valued at $35,000. Inlight Wealth Management LLC acquired a new position in shares of iShares National Muni Bond ETF during the third quarter valued at about $37,000. Finally, Caitlin John LLC acquired a new position in shares of iShares National Muni Bond ETF during the third quarter valued at about $40,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA:MUB opened at $107.25 on Monday. iShares National Muni Bond ETF has a one year low of $100.29 and a one year high of $109.00. The firm has a 50-day moving average of $107.83 and a 200-day moving average of $107.13.

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.