Saxony Capital Management LLC Invests $1.88 Million in iShares National Muni Bond ETF $MUB

Saxony Capital Management LLC acquired a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 17,529 shares of the exchange traded fund’s stock, valued at approximately $1,878,000. iShares National Muni Bond ETF comprises approximately 1.2% of Saxony Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brookstone Capital Management grew its holdings in iShares National Muni Bond ETF by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 130,663 shares of the exchange traded fund’s stock worth $13,914,000 after acquiring an additional 31,324 shares in the last quarter. Advyzon Investment Management LLC increased its position in shares of iShares National Muni Bond ETF by 18.1% in the 3rd quarter. Advyzon Investment Management LLC now owns 41,426 shares of the exchange traded fund’s stock valued at $4,411,000 after purchasing an additional 6,349 shares during the last quarter. Allen Capital Group LLC raised its holdings in shares of iShares National Muni Bond ETF by 121.7% in the 3rd quarter. Allen Capital Group LLC now owns 11,413 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 6,265 shares in the last quarter. First Horizon Corp acquired a new stake in shares of iShares National Muni Bond ETF in the 3rd quarter valued at $3,365,000. Finally, BIP Wealth LLC lifted its position in shares of iShares National Muni Bond ETF by 171.2% during the 3rd quarter. BIP Wealth LLC now owns 71,152 shares of the exchange traded fund’s stock worth $7,577,000 after purchasing an additional 44,917 shares during the last quarter. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Trading Up 0.3%

Shares of MUB stock opened at $105.95 on Tuesday. The firm has a fifty day moving average price of $107.56 and a 200 day moving average price of $107.23. iShares National Muni Bond ETF has a 12 month low of $100.29 and a 12 month high of $109.00.

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.