GM Advisory Group LLC Invests $9.95 Million in iShares National Muni Bond ETF (NYSEARCA:MUB)

GM Advisory Group LLC acquired a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,418 shares of the exchange traded fund’s stock, valued at approximately $9,954,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares National Muni Bond ETF by 8.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,518,502 shares of the exchange traded fund’s stock valued at $1,973,146,000 after buying an additional 1,512,868 shares during the period. US Bancorp DE increased its stake in iShares National Muni Bond ETF by 2.6% during the first quarter. US Bancorp DE now owns 7,264,339 shares of the exchange traded fund’s stock worth $781,644,000 after acquiring an additional 186,369 shares during the last quarter. LPL Financial LLC increased its stake in iShares National Muni Bond ETF by 9.1% during the second quarter. LPL Financial LLC now owns 6,997,325 shares of the exchange traded fund’s stock worth $745,565,000 after acquiring an additional 582,636 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in iShares National Muni Bond ETF by 16.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,085,414 shares of the exchange traded fund’s stock valued at $647,263,000 after purchasing an additional 864,732 shares during the period. Finally, TIAA Trust National Association lifted its stake in shares of iShares National Muni Bond ETF by 19.6% in the 2nd quarter. TIAA Trust National Association now owns 5,104,102 shares of the exchange traded fund’s stock valued at $543,844,000 after purchasing an additional 834,982 shares during the last quarter.

iShares National Muni Bond ETF Price Performance

Shares of NYSEARCA:MUB opened at $108.40 on Friday. iShares National Muni Bond ETF has a 12-month low of $100.78 and a 12-month high of $108.82. The business has a 50-day moving average price of $107.82 and a 200 day moving average price of $107.16.

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).