MLG Wealth Management DBA Pine Grove Financial Group Decreases Stock Position in iShares National Muni Bond ETF $MUB

MLG Wealth Management DBA Pine Grove Financial Group cut its position in iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,459 shares of the exchange traded fund’s stock after selling 7,362 shares during the quarter. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares National Muni Bond ETF were worth $7,480,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Karpus Management Inc. purchased a new stake in iShares National Muni Bond ETF in the 4th quarter worth about $25,000. IMG Wealth Management Inc. raised its stake in iShares National Muni Bond ETF by 79.9% in the 1st quarter. IMG Wealth Management Inc. now owns 241 shares of the exchange traded fund’s stock valued at $26,000 after acquiring an additional 107 shares during the period. Turning Point Benefit Group Inc. purchased a new stake in iShares National Muni Bond ETF during the third quarter valued at about $26,000. MBM Wealth Consultants LLC purchased a new stake in iShares National Muni Bond ETF during the first quarter valued at about $26,000. Finally, Asset Dedication LLC lifted its holdings in iShares National Muni Bond ETF by 9,833.3% during the first quarter. Asset Dedication LLC now owns 298 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of NYSEARCA:MUB opened at $104.03 on Tuesday. The company has a 50-day moving average price of $105.93 and a two-hundred day moving average price of $106.66. iShares National Muni Bond ETF has a twelve month low of $103.99 and a twelve month high of $109.00.

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). The Index measures the performance of the investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.