Cardinal Point Capital Management ULC Raises Stake in iShares National Muni Bond ETF $MUB

Cardinal Point Capital Management ULC raised its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 349,470 shares of the exchange traded fund’s stock after acquiring an additional 28,823 shares during the quarter. iShares National Muni Bond ETF comprises approximately 2.6% of Cardinal Point Capital Management ULC’s holdings, making the stock its 8th biggest position. Cardinal Point Capital Management ULC’s holdings in iShares National Muni Bond ETF were worth $37,397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MUB. Hollencrest Capital Management purchased a new stake in shares of iShares National Muni Bond ETF in the second quarter worth about $26,000. Total Investment Management Inc. purchased a new position in iShares National Muni Bond ETF in the second quarter worth $33,000. Inlight Wealth Management LLC bought a new stake in iShares National Muni Bond ETF during the third quarter worth about $37,000. Harbor Asset Planning Inc. bought a new stake in iShares National Muni Bond ETF in the 2nd quarter worth approximately $43,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of iShares National Muni Bond ETF during the 2nd quarter valued at $44,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of iShares National Muni Bond ETF stock opened at $107.69 on Monday. iShares National Muni Bond ETF has a 52-week low of $100.29 and a 52-week high of $107.96. The company’s 50 day moving average price is $107.27 and its 200-day moving average price is $106.42.

iShares National Muni Bond ETF Company 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.