Founders Grove Wealth Partners LLC Decreases Stock Position in iShares National Muni Bond ETF $MUB

Founders Grove Wealth Partners LLC decreased its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 34.9% during the third quarter, Holdings Channel.com reports. The fund owned 8,862 shares of the exchange traded fund’s stock after selling 4,759 shares during the period. Founders Grove Wealth Partners LLC’s holdings in iShares National Muni Bond ETF were worth $944,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of MUB. Hollencrest Capital Management acquired a new stake in iShares National Muni Bond ETF in the 2nd quarter worth approximately $26,000. Total Investment Management Inc. purchased a new position in shares of iShares National Muni Bond ETF in the second quarter worth $33,000. HFM Investment Advisors LLC purchased a new position in shares of iShares National Muni Bond ETF in the first quarter worth $37,000. Mattson Financial Services LLC acquired a new stake in shares of iShares National Muni Bond ETF during the first quarter worth $41,000. Finally, Harbor Asset Planning Inc. purchased a new stake in shares of iShares National Muni Bond ETF during the second quarter valued at $43,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

NYSEARCA MUB opened at $106.89 on Friday. The stock’s fifty day moving average price is $107.14 and its 200 day moving average price is $105.66. iShares National Muni Bond ETF has a 1 year low of $100.29 and a 1 year high of $107.72.

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.