Peak Wealth Management LLC Takes $1.45 Million Position in iShares National Muni Bond ETF $MUB

Peak Wealth Management LLC purchased a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 13,526 shares of the exchange traded fund’s stock, valued at approximately $1,449,000. iShares National Muni Bond ETF accounts for 1.2% of Peak Wealth Management LLC’s investment portfolio, making the stock its 20th biggest position.

A number of other large investors also recently made changes to their positions in MUB. Wellington Management Group LLP acquired a new position in shares of iShares National Muni Bond ETF in the 3rd quarter valued at $387,198,000. Bank of America Corp DE lifted its stake in shares of iShares National Muni Bond ETF by 9.9% in the 3rd quarter. Bank of America Corp DE now owns 33,570,415 shares of the exchange traded fund’s stock valued at $3,574,913,000 after purchasing an additional 3,026,165 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares National Muni Bond ETF by 20.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock valued at $799,905,000 after purchasing an additional 1,261,391 shares during the period. Creative Planning lifted its stake in shares of iShares National Muni Bond ETF by 6.9% in the 3rd quarter. Creative Planning now owns 13,191,212 shares of the exchange traded fund’s stock valued at $1,404,732,000 after purchasing an additional 851,224 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of iShares National Muni Bond ETF by 9.1% in the 3rd quarter. Fisher Asset Management LLC now owns 9,725,773 shares of the exchange traded fund’s stock valued at $1,035,698,000 after purchasing an additional 810,838 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

MUB stock opened at $107.00 on Monday. The business’s fifty day moving average is $107.05 and its 200-day moving average is $107.29. iShares National Muni Bond ETF has a twelve month low of $103.14 and a twelve month high of $109.00.

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.