Twele Capital Management Inc. Makes New Investment in iShares National Muni Bond ETF $MUB

Twele Capital Management Inc. bought a new position in iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 12,290 shares of the exchange traded fund’s stock, valued at approximately $1,243,000. iShares National Muni Bond ETF accounts for 0.2% of Twele Capital Management Inc.’s portfolio, making the stock its 24th biggest position.

Several other hedge funds have also added to or reduced their stakes in MUB. Boltwood Capital Management grew its stake in shares of iShares National Muni Bond ETF by 4.3% during the second quarter. Boltwood Capital Management now owns 2,285 shares of the exchange traded fund’s stock valued at $246,000 after buying an additional 94 shares during the last quarter. Silver Oak Securities Incorporated lifted its stake in shares of iShares National Muni Bond ETF by 6.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 1,657 shares of the exchange traded fund’s stock valued at $176,000 after acquiring an additional 99 shares during the last quarter. Bigelow Investment Advisors LLC lifted its stake in shares of iShares National Muni Bond ETF by 2.5% in the 1st quarter. Bigelow Investment Advisors LLC now owns 4,094 shares of the exchange traded fund’s stock valued at $435,000 after acquiring an additional 100 shares during the last quarter. Fiscal Wisdom Wealth Management LLC lifted its stake in shares of iShares National Muni Bond ETF by 3.1% in the 1st quarter. Fiscal Wisdom Wealth Management LLC now owns 3,545 shares of the exchange traded fund’s stock valued at $376,000 after acquiring an additional 105 shares during the last quarter. Finally, Windward Private Wealth Management Inc. boosted its holdings in iShares National Muni Bond ETF by 0.4% during the 1st quarter. Windward Private Wealth Management Inc. now owns 26,766 shares of the exchange traded fund’s stock valued at $2,841,000 after acquiring an additional 105 shares during the period. 90.19% of the stock is owned by institutional investors.

iShares National Muni Bond ETF Trading Up 0.6%

MUB stock traded up $0.61 during trading on Tuesday, hitting $101.77. 31,901,621 shares of the company traded hands, compared to its average volume of 5,725,034. The company has a 50-day moving average of $103.55 and a 200-day moving average of $105.63. iShares National Muni Bond ETF has a 1 year low of $100.07 and a 1 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.