Prime Capital Investment Advisors LLC Increases Stock Holdings in iShares National Muni Bond ETF $MUB

Prime Capital Investment Advisors LLC raised its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 4.1% in the third quarter, HoldingsChannel reports. The firm owned 587,138 shares of the exchange traded fund’s stock after buying an additional 23,188 shares during the quarter. iShares National Muni Bond ETF makes up 0.8% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 28th largest position. Prime Capital Investment Advisors LLC’s holdings in iShares National Muni Bond ETF were worth $62,524,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MUB. Granite Harbor Advisors Inc. increased its holdings in iShares National Muni Bond ETF by 10.1% in the 2nd quarter. Granite Harbor Advisors Inc. now owns 93,593 shares of the exchange traded fund’s stock worth $9,779,000 after acquiring an additional 8,596 shares in the last quarter. Brookstone Capital Management boosted its position in shares of iShares National Muni Bond ETF by 31.5% in the third quarter. Brookstone Capital Management now owns 130,663 shares of the exchange traded fund’s stock worth $13,914,000 after purchasing an additional 31,324 shares during the period. Allen Capital Group LLC boosted its position in shares of iShares National Muni Bond ETF by 121.7% in the third quarter. Allen Capital Group LLC now owns 11,413 shares of the exchange traded fund’s stock worth $1,215,000 after purchasing an additional 6,265 shares during the period. First Horizon Corp purchased a new stake in shares of iShares National Muni Bond ETF in the third quarter worth $3,365,000. Finally, BIP Wealth LLC lifted its stake in shares of iShares National Muni Bond ETF by 171.2% during the 3rd quarter. BIP Wealth LLC now owns 71,152 shares of the exchange traded fund’s stock valued at $7,577,000 after buying an additional 44,917 shares in the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Trading Up 0.2%

Shares of MUB stock opened at $107.81 on Friday. The stock has a fifty day simple moving average of $107.27 and a two-hundred day simple moving average of $106.35. iShares National Muni Bond ETF has a 52-week low of $100.29 and a 52-week high of $107.96.

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.