Principal Financial Group Inc. Makes New $263,000 Investment in iShares National Muni Bond ETF (NYSEARCA:MUB)

Principal Financial Group Inc. acquired a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 2,422 shares of the exchange traded fund’s stock, valued at approximately $263,000.

A number of other hedge funds also recently made changes to their positions in MUB. B. Riley Wealth Advisors Inc. raised its position in iShares National Muni Bond ETF by 26.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 15,279 shares of the exchange traded fund’s stock worth $1,567,000 after purchasing an additional 3,169 shares during the period. Redwood Investment Management LLC grew its stake in shares of iShares National Muni Bond ETF by 244.7% during the first quarter. Redwood Investment Management LLC now owns 17,154 shares of the exchange traded fund’s stock valued at $1,846,000 after buying an additional 12,178 shares during the last quarter. Advisory Resource Group increased its holdings in shares of iShares National Muni Bond ETF by 2.7% in the first quarter. Advisory Resource Group now owns 17,793 shares of the exchange traded fund’s stock worth $1,915,000 after buying an additional 461 shares during the period. Strategic Wealth Partners Ltd. lifted its stake in shares of iShares National Muni Bond ETF by 62.8% in the 1st quarter. Strategic Wealth Partners Ltd. now owns 3,524 shares of the exchange traded fund’s stock valued at $379,000 after acquiring an additional 1,359 shares during the last quarter. Finally, Cedar Point Capital Partners LLC boosted its holdings in iShares National Muni Bond ETF by 4.1% during the 1st quarter. Cedar Point Capital Partners LLC now owns 25,159 shares of the exchange traded fund’s stock valued at $2,707,000 after acquiring an additional 996 shares during the period.

iShares National Muni Bond ETF Stock Performance

MUB opened at $108.01 on Tuesday. The stock’s 50 day simple moving average is $107.67 and its 200 day simple moving average is $107.34. iShares National Muni Bond ETF has a 1 year low of $105.37 and a 1 year high of $108.82.

iShares National Muni Bond ETF Company 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).