iShares National Muni Bond ETF $MUB Position Lifted by Silver Grove Financial Group Inc.

Silver Grove Financial Group Inc. grew its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 38.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 25,265 shares of the exchange traded fund’s stock after acquiring an additional 7,018 shares during the period. iShares National Muni Bond ETF accounts for approximately 1.2% of Silver Grove Financial Group Inc.’s investment portfolio, making the stock its 12th biggest position. Silver Grove Financial Group Inc.’s holdings in iShares National Muni Bond ETF were worth $2,554,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MUB. Bank of America Corp DE increased its holdings in iShares National Muni Bond ETF by 12.8% in the 1st quarter. Bank of America Corp DE now owns 42,113,660 shares of the exchange traded fund’s stock worth $4,470,365,000 after purchasing an additional 4,763,839 shares in the last quarter. Envestnet Asset Management Inc. raised its position in iShares National Muni Bond ETF by 5.3% in the second quarter. Envestnet Asset Management Inc. now owns 17,585,152 shares of the exchange traded fund’s stock valued at $1,892,488,000 after purchasing an additional 880,501 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of iShares National Muni Bond ETF by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 7,303,630 shares of the exchange traded fund’s stock valued at $775,280,000 after purchasing an additional 214,265 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of iShares National Muni Bond ETF by 14.9% during the first quarter. Cetera Investment Advisers now owns 3,210,936 shares of the exchange traded fund’s stock valued at $340,841,000 after purchasing an additional 416,372 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of iShares National Muni Bond ETF by 4.2% during the first quarter. Assetmark Inc. now owns 3,196,889 shares of the exchange traded fund’s stock valued at $339,350,000 after purchasing an additional 129,497 shares in the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

NYSEARCA:MUB opened at $104.54 on Wednesday. The stock’s 50-day moving average is $102.76 and its 200-day moving average is $105.85. iShares National Muni Bond ETF has a 1-year low of $100.07 and a 1-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.