Independent Financial Group LLC Makes New Investment in iShares National Muni Bond ETF $MUB

Independent Financial Group LLC bought a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 20,280 shares of the exchange traded fund’s stock, valued at approximately $2,153,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Karpus Management Inc. purchased a new stake in shares of iShares National Muni Bond ETF in the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. purchased a new position in iShares National Muni Bond ETF in the third quarter valued at about $26,000. MBM Wealth Consultants LLC bought a new position in shares of iShares National Muni Bond ETF during the 1st quarter worth approximately $26,000. Dunhill Financial LLC increased its position in shares of 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 worth $27,000 after purchasing an additional 226 shares in the last quarter. Finally, Carolina Wealth Advisors LLC acquired a new position in iShares National Muni Bond ETF during the 4th quarter valued at about $28,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Down 0.0%

NYSEARCA MUB opened at $106.58 on Friday. The company has a fifty day simple moving average of $106.95 and a two-hundred day simple moving average of $107.22. iShares National Muni Bond ETF has a 12-month low of $103.14 and a 12-month 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.