Verus Wealth Management LLC Makes New Investment in iShares National Muni Bond ETF (NYSEARCA:MUB)

Verus Wealth Management LLC acquired a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 107,872 shares of the exchange traded fund’s stock, valued at approximately $11,494,000. iShares National Muni Bond ETF makes up 12.9% of Verus Wealth Management LLC’s investment portfolio, making the stock its largest holding.

A number of other institutional investors have also recently made changes to their positions in MUB. Wit LLC grew its position in shares of iShares National Muni Bond ETF by 713.9% during the third quarter. Wit LLC now owns 293 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 257 shares in the last quarter. Legacy Investment Solutions LLC purchased a new position in iShares National Muni Bond ETF in the third quarter worth approximately $34,000. Contravisory Investment Management Inc. grew its holdings in iShares National Muni Bond ETF by 10,575.0% during the 4th quarter. Contravisory Investment Management Inc. now owns 427 shares of the exchange traded fund’s stock worth $45,000 after acquiring an additional 423 shares in the last quarter. Sound Income Strategies LLC grew its holdings in iShares National Muni Bond ETF by 124.3% during the 4th quarter. Sound Income Strategies LLC now owns 507 shares of the exchange traded fund’s stock worth $54,000 after acquiring an additional 281 shares in the last quarter. Finally, Pflug Koory LLC increased its position in shares of iShares National Muni Bond ETF by 274.5% in the 4th quarter. Pflug Koory LLC now owns 513 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 376 shares during the last quarter.

iShares National Muni Bond ETF Stock Performance

MUB stock opened at $106.68 on Wednesday. The business has a 50 day moving average price of $106.95 and a 200 day moving average price of $107.45. iShares National Muni Bond ETF has a fifty-two week low of $105.00 and a fifty-two week high of $108.81.

iShares National Muni Bond ETF 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).