Arax Advisory Partners Acquires Shares of 217,952 iShares National Muni Bond ETF $MUB

Arax Advisory Partners acquired a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 217,952 shares of the exchange traded fund’s stock, valued at approximately $23,350,000. Arax Advisory Partners owned 0.06% of iShares National Muni Bond ETF at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Karpus Management Inc. purchased a new position in iShares National Muni Bond ETF in the fourth quarter valued at about $25,000. Turning Point Benefit Group Inc. purchased a new position in iShares National Muni Bond ETF in the third quarter valued at about $26,000. Dunhill Financial LLC raised its position in iShares National Muni Bond ETF by 807.1% in the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 226 shares during the period. Carolina Wealth Advisors LLC purchased a new position in iShares National Muni Bond ETF in the fourth quarter valued at about $28,000. Finally, Hantz Financial Services Inc. increased its position in shares of iShares National Muni Bond ETF by 164.1% during the fourth quarter. Hantz Financial Services Inc. now owns 309 shares of the exchange traded fund’s stock worth $33,000 after acquiring an additional 192 shares during the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Down 0.0%

Shares of NYSEARCA MUB opened at $107.05 on Friday. iShares National Muni Bond ETF has a 1 year low of $103.14 and a 1 year high of $109.00. The stock’s 50-day simple moving average is $106.84 and its 200-day simple moving average is $107.17.

iShares National Muni Bond ETF 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). 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.