Philadelphia Trust Co. Makes New $2.05 Million Investment in iShares National Muni Bond ETF $MUB

Philadelphia Trust Co. acquired a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,289 shares of the exchange traded fund’s stock, valued at approximately $2,051,000.

Several other institutional investors and hedge funds have also made changes to their positions in MUB. IMG Wealth Management Inc. increased its position in shares of iShares National Muni Bond ETF by 79.9% in the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 107 shares during the period. Asset Dedication LLC raised its stake in iShares National Muni Bond ETF by 9,833.3% in the 1st quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock worth $32,000 after acquiring an additional 295 shares during the last quarter. Next Level Wealth Planning LLC purchased a new position in iShares National Muni Bond ETF in the 3rd quarter worth $34,000. Security National Bank of SO Dak purchased a new position in iShares National Muni Bond ETF in the 2nd quarter worth $37,000. Finally, First Bancorp Inc ME purchased a new position in iShares National Muni Bond ETF in the 2nd quarter worth $38,000. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Down 0.4%

Shares of MUB opened at $104.54 on Wednesday. The stock has a 50-day moving average of $102.76 and a two-hundred day moving average of $105.85. iShares National Muni Bond ETF has a one year low of $100.07 and a one year high of $109.00.

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.