Baird Financial Group Inc. Sells 15,485 Shares of iShares National Muni Bond ETF (MUB)

Baird Financial Group Inc. reduced its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 30.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,991 shares of the exchange traded fund’s stock after selling 15,485 shares during the period. Baird Financial Group Inc.’s holdings in iShares National Muni Bond ETF were worth $3,924,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trilogy Capital Inc. bought a new position in shares of iShares National Muni Bond ETF during the first quarter valued at $122,000. Optimum Investment Advisors bought a new position in shares of iShares National Muni Bond ETF during the first quarter valued at $140,000. BDO Wealth Advisors LLC bought a new position in shares of iShares National Muni Bond ETF during the first quarter valued at $148,000. Peak Capital Management LLC bought a new position in shares of iShares National Muni Bond ETF during the second quarter valued at $160,000. Finally, Clarus Wealth Advisors bought a new position in shares of iShares National Muni Bond ETF during the second quarter valued at $171,000.

Shares of NYSEARCA:MUB opened at $108.20 on Friday. iShares National Muni Bond ETF has a 1 year low of $107.56 and a 1 year high of $111.37.

The firm also recently declared a monthly dividend, which was paid on Monday, September 10th. Stockholders of record on Wednesday, September 5th were issued a dividend of $0.2293 per share. This is an increase from iShares National Muni Bond ETF’s previous monthly dividend of $0.23. This represents a $2.75 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Tuesday, September 4th.

iShares National Muni Bond ETF Company 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).

Further Reading: How to Track your Portfolio in Google Finance

Want to see what other hedge funds are holding MUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares National Muni Bond ETF (NYSEARCA:MUB).

Institutional Ownership by Quarter for iShares National Muni Bond ETF (NYSEARCA:MUB)

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