MLG Wealth Management DBA Pine Grove Financial Group Lowers Stock Position in iShares National Muni Bond ETF $MUB

MLG Wealth Management DBA Pine Grove Financial Group reduced its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,459 shares of the exchange traded fund’s stock after selling 7,362 shares during the period. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares National Muni Bond ETF were worth $7,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Karpus Management Inc. purchased a new stake in iShares National Muni Bond ETF in the 4th quarter valued at about $25,000. MBM Wealth Consultants LLC purchased a new position in shares of iShares National Muni Bond ETF in the 1st quarter worth approximately $26,000. IMG Wealth Management Inc. grew its holdings in shares of iShares National Muni Bond ETF by 79.9% in the first quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 107 shares in the last quarter. Turning Point Benefit Group Inc. bought a new position in shares of iShares National Muni Bond ETF in the third quarter valued at approximately $26,000. Finally, Asset Dedication LLC increased its position in shares of iShares National Muni Bond ETF by 9,833.3% during the first quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 295 shares during the last quarter. 90.19% of the stock is currently owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Stock Performance

Shares of iShares National Muni Bond ETF stock opened at $104.03 on Tuesday. The business’s fifty day simple moving average is $105.93 and its 200 day simple moving average is $106.66. iShares National Muni Bond ETF has a 12 month low of $103.99 and a 12 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.