Retirement Planning Group LLC Makes New $1.23 Million Investment in iShares National Muni Bond ETF $MUB

Retirement Planning Group LLC purchased a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,599 shares of the exchange traded fund’s stock, valued at approximately $1,231,000.

Several other hedge funds have also recently modified their holdings of MUB. Bank of America Corp DE grew its position in iShares National Muni Bond ETF by 11.3% during the 4th quarter. Bank of America Corp DE now owns 37,349,821 shares of the exchange traded fund’s stock worth $4,000,539,000 after purchasing an additional 3,779,406 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of iShares National Muni Bond ETF in the third quarter worth $387,198,000. Allstate Corp raised its holdings in shares of iShares National Muni Bond ETF by 173.3% in the fourth quarter. Allstate Corp now owns 3,016,409 shares of the exchange traded fund’s stock worth $323,088,000 after buying an additional 1,912,851 shares during the last quarter. Betterment LLC lifted its stake in shares of iShares National Muni Bond ETF by 9.5% during the fourth quarter. Betterment LLC now owns 18,990,218 shares of the exchange traded fund’s stock worth $2,034,042,000 after buying an additional 1,646,689 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of iShares National Muni Bond ETF by 20.2% during the third quarter. Mercer Global Advisors Inc. ADV now owns 7,511,562 shares of the exchange traded fund’s stock worth $799,905,000 after buying an additional 1,261,391 shares during the period. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Price Performance

Shares of MUB opened at $106.95 on Wednesday. The company’s fifty day moving average price is $106.97 and its 200-day moving average price is $107.22. iShares National Muni Bond ETF has a 1-year low of $103.14 and a 1-year 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.