Collaborative Wealth Managment Inc. Cuts Stake in iShares National Muni Bond ETF $MUB

Collaborative Wealth Managment Inc. lessened its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 83.3% during the first quarter, HoldingsChannel reports. The firm owned 5,049 shares of the exchange traded fund’s stock after selling 25,263 shares during the period. Collaborative Wealth Managment Inc.’s holdings in iShares National Muni Bond ETF were worth $536,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MUB. Karpus Management Inc. purchased a new stake in shares of iShares National Muni Bond ETF during the fourth quarter valued at approximately $25,000. Turning Point Benefit Group Inc. purchased a new position in shares of iShares National Muni Bond ETF in the third quarter valued at $26,000. MBM Wealth Consultants LLC acquired a new stake in iShares National Muni Bond ETF during the 1st quarter valued at $26,000. Dunhill Financial LLC grew its holdings in iShares National Muni Bond ETF by 807.1% during the 4th 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 acquired a new stake in iShares National Muni Bond ETF during the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Down 0.2%

iShares National Muni Bond ETF stock opened at $106.76 on Thursday. iShares National Muni Bond ETF has a 12-month low of $103.14 and a 12-month high of $109.00. The firm’s fifty day moving average price is $106.96 and its 200 day moving average price 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.