Acorn Financial Advisory Services Inc. ADV Has $305,000 Holdings in iShares National Muni Bond ETF $MUB

Acorn Financial Advisory Services Inc. ADV cut its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 17.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,915 shares of the exchange traded fund’s stock after selling 624 shares during the quarter. Acorn Financial Advisory Services Inc. ADV’s holdings in iShares National Muni Bond ETF were worth $305,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Betterment LLC increased its position in shares of iShares National Muni Bond ETF by 0.8% during the first quarter. Betterment LLC now owns 18,408,702 shares of the exchange traded fund’s stock worth $1,941,014,000 after buying an additional 150,443 shares during the period. LPL Financial LLC grew its holdings in iShares National Muni Bond ETF by 3.1% in the first quarter. LPL Financial LLC now owns 9,936,130 shares of the exchange traded fund’s stock worth $1,047,666,000 after purchasing an additional 299,520 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in iShares National Muni Bond ETF by 9.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,199,988 shares of the exchange traded fund’s stock worth $970,047,000 after purchasing an additional 802,170 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in iShares National Muni Bond ETF by 7.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,588,089 shares of the exchange traded fund’s stock worth $800,088,000 after purchasing an additional 550,570 shares during the period. Finally, US Bancorp DE grew its holdings in iShares National Muni Bond ETF by 34.4% in the second quarter. US Bancorp DE now owns 7,341,914 shares of the exchange traded fund’s stock worth $767,087,000 after purchasing an additional 1,877,664 shares during the period. 90.19% of the stock is currently owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Performance

NYSEARCA:MUB opened at $107.01 on Tuesday. The firm has a fifty day simple moving average of $105.38 and a two-hundred day simple moving average of $104.43. iShares National Muni Bond ETF has a 12 month low of $100.29 and a 12 month high of $108.60.

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).