Vericrest Private Wealth Invests $1.72 Million in iShares National Muni Bond ETF $MUB

Vericrest Private Wealth bought a new position in iShares National Muni Bond ETF (NYSEARCA:MUB) in the 4th quarter, HoldingsChannel.com reports. The firm bought 16,087 shares of the exchange traded fund’s stock, valued at approximately $1,723,000. iShares National Muni Bond ETF comprises approximately 1.5% of Vericrest Private Wealth’s portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. DUTCH ASSET Corp bought a new position in shares of iShares National Muni Bond ETF during the fourth quarter valued at about $530,000. Downshift Financial LLC purchased a new position in iShares National Muni Bond ETF during the fourth quarter worth about $308,000. Corient Private Wealth LLC grew its position in iShares National Muni Bond ETF by 7.5% in the 4th quarter. Corient Private Wealth LLC now owns 848,000 shares of the exchange traded fund’s stock worth $90,829,000 after purchasing an additional 59,152 shares in the last quarter. Union Savings Bank bought a new stake in iShares National Muni Bond ETF in the 4th quarter worth about $221,000. Finally, Hsbc Holdings PLC grew its position in iShares National Muni Bond ETF by 904.1% in the 4th quarter. Hsbc Holdings PLC now owns 395,869 shares of the exchange traded fund’s stock worth $42,402,000 after purchasing an additional 356,444 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

NYSEARCA:MUB opened at $107.33 on Friday. iShares National Muni Bond ETF has a 52 week low of $103.14 and a 52 week high of $109.00. The firm has a 50-day moving average price of $106.91 and a two-hundred day moving average price of $107.17.

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.