Salomon & Ludwin LLC Sells 43,476 Shares of iShares National Muni Bond ETF $MUB

Salomon & Ludwin LLC lowered its position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 17.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 199,980 shares of the exchange traded fund’s stock after selling 43,476 shares during the period. iShares National Muni Bond ETF makes up about 1.9% of Salomon & Ludwin LLC’s portfolio, making the stock its 15th biggest position. Salomon & Ludwin LLC’s holdings in iShares National Muni Bond ETF were worth $21,274,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new position in iShares National Muni Bond ETF during the 2nd quarter valued at about $26,000. Total Investment Management Inc. purchased a new stake in shares of iShares National Muni Bond ETF in the 2nd quarter worth approximately $33,000. HFM Investment Advisors LLC bought a new position in shares of iShares National Muni Bond ETF during the first quarter valued at approximately $37,000. Mattson Financial Services LLC purchased a new position in iShares National Muni Bond ETF during the first quarter valued at approximately $41,000. Finally, Harbor Asset Planning Inc. purchased a new position in iShares National Muni Bond ETF during the second quarter valued at approximately $43,000. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA:MUB opened at $107.11 on Friday. The firm has a 50 day moving average of $107.11 and a 200 day moving average of $105.73. iShares National Muni Bond ETF has a 52 week low of $100.29 and a 52 week high of $107.72.

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.