iShares National Muni Bond ETF $MUB Shares Bought by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC lifted its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 271.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 336,951 shares of the exchange traded fund’s stock after buying an additional 246,140 shares during the period. iShares National Muni Bond ETF makes up about 1.8% of Rivernorth Capital Management LLC’s portfolio, making the stock its 6th largest position. Rivernorth Capital Management LLC’s holdings in iShares National Muni Bond ETF were worth $35,767,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in MUB. Checchi Capital Advisers LLC boosted its position in iShares National Muni Bond ETF by 21.5% during the 1st quarter. Checchi Capital Advisers LLC now owns 47,229 shares of the exchange traded fund’s stock worth $5,013,000 after acquiring an additional 8,356 shares during the last quarter. Aegis Wealth Management Inc. acquired a new position in shares of iShares National Muni Bond ETF during the 4th quarter worth approximately $552,000. BIP Wealth LLC increased its position in shares of iShares National Muni Bond ETF by 25.9% during the 4th quarter. BIP Wealth LLC now owns 89,574 shares of the exchange traded fund’s stock worth $9,594,000 after purchasing an additional 18,422 shares during the last quarter. Slow Capital Inc. raised its stake in shares of iShares National Muni Bond ETF by 9.7% during the 4th quarter. Slow Capital Inc. now owns 202,919 shares of the exchange traded fund’s stock worth $21,735,000 after purchasing an additional 17,960 shares in the last quarter. Finally, Hudson Oak Wealth Advisory LLC bought a new stake in shares of iShares National Muni Bond ETF during the 4th quarter worth approximately $1,688,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA MUB opened at $106.00 on Wednesday. iShares National Muni Bond ETF has a 12 month low of $103.58 and a 12 month high of $109.00. The stock has a 50 day moving average of $106.87 and a 200-day moving average of $107.15.

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.