Smithbridge Asset Management Inc. DE Invests $3.65 Million in iShares National Muni Bond ETF $MUB

Smithbridge Asset Management Inc. DE purchased 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,403 shares of the exchange traded fund’s stock, valued at approximately $3,652,000.

Several other hedge funds have also added to or reduced their stakes in MUB. Innova Wealth Partners increased its position in iShares National Muni Bond ETF by 18.0% in the first quarter. Innova Wealth Partners now owns 2,655 shares of the exchange traded fund’s stock worth $282,000 after purchasing an additional 405 shares during the period. Root Financial Partners LLC lifted its position in iShares National Muni Bond ETF by 1,709.3% during the 1st quarter. Root Financial Partners LLC now owns 3,872 shares of the exchange traded fund’s stock valued at $411,000 after purchasing an additional 3,658 shares during the period. Capital Asset Advisory Services LLC lifted its position in iShares National Muni Bond ETF by 1.9% during the 1st quarter. Capital Asset Advisory Services LLC now owns 184,811 shares of the exchange traded fund’s stock valued at $19,852,000 after purchasing an additional 3,466 shares during the period. Prospect Financial Services LLC boosted its stake in shares of iShares National Muni Bond ETF by 12.5% in the 1st quarter. Prospect Financial Services LLC now owns 2,250 shares of the exchange traded fund’s stock valued at $239,000 after purchasing an additional 250 shares during the last quarter. Finally, Alaska Wealth Advisors LLC boosted its stake in shares of iShares National Muni Bond ETF by 17.5% in the 1st quarter. Alaska Wealth Advisors LLC now owns 266,033 shares of the exchange traded fund’s stock valued at $28,239,000 after purchasing an additional 39,556 shares during the last quarter. Institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Down 0.3%

Shares of NYSEARCA:MUB opened at $107.34 on Thursday. iShares National Muni Bond ETF has a one year low of $103.14 and a one year high of $109.00. The company has a 50 day moving average of $106.98 and a 200-day moving average of $107.21.

About iShares National Muni Bond ETF

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.