Gradient Investments LLC Buys 112,530 Shares of iShares National Muni Bond ETF $MUB

Gradient Investments LLC lifted its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 31.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 474,766 shares of the exchange traded fund’s stock after purchasing an additional 112,530 shares during the quarter. Gradient Investments LLC owned about 0.11% of iShares National Muni Bond ETF worth $51,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MUB. Karpus Management Inc. bought a new position in iShares National Muni Bond ETF during the fourth quarter valued at $25,000. MBM Wealth Consultants LLC purchased a new position in shares of iShares National Muni Bond ETF during the 1st quarter worth about $26,000. IMG Wealth Management Inc. grew its holdings in 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 purchasing an additional 107 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new stake in iShares National Muni Bond ETF in the 3rd quarter worth about $26,000. Finally, Dunhill Financial LLC lifted its stake in iShares National Muni Bond ETF by 807.1% in the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

MUB opened at $105.94 on Friday. iShares National Muni Bond ETF has a 52-week low of $103.83 and a 52-week high of $109.00. The business has a fifty day moving average of $106.75 and a 200 day moving average of $107.04.

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.