Daviman Financial LLC Has $3.12 Million Position in iShares National Muni Bond ETF $MUB

Daviman Financial LLC raised its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 20.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 29,393 shares of the exchange traded fund’s stock after acquiring an additional 5,049 shares during the period. iShares National Muni Bond ETF comprises about 1.8% of Daviman Financial LLC’s investment portfolio, making the stock its 21st largest position. Daviman Financial LLC’s holdings in iShares National Muni Bond ETF were worth $3,120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MUB. Karpus Management Inc. acquired a new position in shares of iShares National Muni Bond ETF in the 4th quarter worth approximately $25,000. Turning Point Benefit Group Inc. bought a new position in iShares National Muni Bond ETF during the third quarter worth $26,000. MBM Wealth Consultants LLC acquired a new position in iShares National Muni Bond ETF in the first quarter valued at $26,000. Dunhill Financial LLC boosted its position in iShares National Muni Bond ETF by 807.1% during the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 226 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in iShares National Muni Bond ETF during the fourth quarter valued at $28,000. Institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

MUB stock opened at $107.62 on Wednesday. The stock has a 50-day moving average price of $106.98 and a 200-day moving average price of $107.20. iShares National Muni Bond ETF has a 1-year low of $103.14 and a 1-year 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.