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

Principal Financial Group Inc. acquired a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,422 shares of the exchange traded fund’s stock, valued at approximately $263,000.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in shares of iShares National Muni Bond ETF by 8.9% during the second quarter. Envestnet Asset Management Inc. now owns 18,518,502 shares of the exchange traded fund’s stock worth $1,973,146,000 after acquiring an additional 1,512,868 shares during the last quarter. Creative Planning increased its position in iShares National Muni Bond ETF by 6.1% during the 3rd quarter. Creative Planning now owns 12,627,580 shares of the exchange traded fund’s stock valued at $1,371,734,000 after purchasing an additional 723,492 shares during the period. LPL Financial LLC raised its holdings in iShares National Muni Bond ETF by 9.1% during the 2nd quarter. LPL Financial LLC now owns 6,997,325 shares of the exchange traded fund’s stock worth $745,565,000 after purchasing an additional 582,636 shares during the last quarter. US Bancorp DE lifted its position in shares of iShares National Muni Bond ETF by 37.2% in the 3rd quarter. US Bancorp DE now owns 6,855,514 shares of the exchange traded fund’s stock worth $744,716,000 after purchasing an additional 1,859,907 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of iShares National Muni Bond ETF by 16.6% in the 2nd 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 last quarter.

iShares National Muni Bond ETF Stock Performance

Shares of iShares National Muni Bond ETF stock opened at $108.01 on Tuesday. The stock’s 50-day moving average is $107.67 and its 200 day moving average is $107.34. iShares National Muni Bond ETF has a one year low of $105.37 and a one 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).