Angeles Wealth Management LLC Buys 64,588 Shares of iShares National Muni Bond ETF $MUB

Angeles Wealth Management LLC increased its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 767,535 shares of the exchange traded fund’s stock after purchasing an additional 64,588 shares during the period. iShares National Muni Bond ETF accounts for 4.4% of Angeles Wealth Management LLC’s portfolio, making the stock its 6th largest position. Angeles Wealth Management LLC owned approximately 0.19% of iShares National Muni Bond ETF worth $81,474,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MUB. Karpus Management Inc. acquired a new stake in iShares National Muni Bond ETF in the fourth quarter worth $25,000. Turning Point Benefit Group Inc. bought a new stake in iShares National Muni Bond ETF in the third quarter valued at $26,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares National Muni Bond ETF during the first quarter valued at $26,000. Dunhill Financial LLC boosted its holdings in shares of iShares National Muni Bond ETF by 807.1% during the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 226 shares during the period. Finally, Carolina Wealth Advisors LLC bought a new position in shares of iShares National Muni Bond ETF during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Down 0.1%

MUB stock opened at $106.62 on Friday. iShares National Muni Bond ETF has a fifty-two week low of $103.14 and a fifty-two week high of $109.00. The firm’s 50-day simple moving average is $106.96 and its 200 day simple moving average is $107.22.

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.