iShares National Muni Bond ETF $MUB Position Raised by Cahaba Wealth Management Inc.

Cahaba Wealth Management Inc. boosted its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 383,426 shares of the exchange traded fund’s stock after buying an additional 32,462 shares during the period. iShares National Muni Bond ETF makes up about 2.8% of Cahaba Wealth Management Inc.’s holdings, making the stock its 8th largest holding. Cahaba Wealth Management Inc. owned 0.09% of iShares National Muni Bond ETF worth $40,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Karpus Management Inc. purchased a new position in shares of iShares National Muni Bond ETF during the fourth quarter worth about $25,000. MBM Wealth Consultants LLC purchased a new stake in iShares National Muni Bond ETF in the first quarter valued at approximately $26,000. Turning Point Benefit Group Inc. purchased a new stake in iShares National Muni Bond ETF in the third quarter valued at approximately $26,000. Dunhill Financial LLC raised its stake 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 in the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in iShares National Muni Bond ETF during the fourth quarter valued at approximately $28,000. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

MUB stock opened at $106.91 on Thursday. iShares National Muni Bond ETF has a one year low of $103.14 and a one year high of $109.00. The firm has a 50 day simple moving average of $106.98 and a two-hundred day simple moving average of $107.22.

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.