Principal Financial Group Inc. Takes Position in iShares National Muni Bond ETF (NYSEARCA:MUB)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MUB. Syntax Research Inc. bought a new stake in iShares National Muni Bond ETF during the 3rd quarter valued at $141,000. SMART Wealth LLC increased its holdings in shares of iShares National Muni Bond ETF by 165.3% during the third quarter. SMART Wealth LLC now owns 10,296 shares of the exchange traded fund’s stock valued at $1,118,000 after purchasing an additional 6,415 shares during the period. Beaird Harris Wealth Management LLC increased its holdings in shares of iShares National Muni Bond ETF by 0.5% during the third quarter. Beaird Harris Wealth Management LLC now owns 42,654 shares of the exchange traded fund’s stock valued at $4,633,000 after purchasing an additional 213 shares during the period. Franklin Resources Inc. raised its stake in shares of iShares National Muni Bond ETF by 3.5% during the third quarter. Franklin Resources Inc. now owns 112,935 shares of the exchange traded fund’s stock valued at $12,154,000 after purchasing an additional 3,823 shares in the last quarter. Finally, Peapack Gladstone Financial Corp lifted its holdings in iShares National Muni Bond ETF by 6.5% in the third quarter. Peapack Gladstone Financial Corp now owns 60,697 shares of the exchange traded fund’s stock worth $6,594,000 after purchasing an additional 3,730 shares during the period.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock opened at $106.64 on Tuesday. iShares National Muni Bond ETF has a 52 week low of $105.37 and a 52 week high of $108.81. The company’s 50-day moving average price is $107.25 and its two-hundred day moving average price is $107.53.

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).