Towercrest Capital Management Purchases New Position in iShares National Muni Bond ETF $MUB

Towercrest Capital Management purchased a new position in iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 150,731 shares of the exchange traded fund’s stock, valued at approximately $15,239,000. iShares National Muni Bond ETF accounts for about 2.2% of Towercrest Capital Management’s portfolio, making the stock its 15th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MUB. Capital Investment Advisors LLC purchased a new position in iShares National Muni Bond ETF during the 3rd quarter valued at about $1,679,000. TSA Wealth Managment LLC raised its position in iShares National Muni Bond ETF by 177.0% during the third quarter. TSA Wealth Managment LLC now owns 29,002 shares of the exchange traded fund’s stock worth $2,932,000 after acquiring an additional 18,531 shares during the last quarter. Atlatl Advisers LLC lifted its holdings in shares of iShares National Muni Bond ETF by 4.2% in the third quarter. Atlatl Advisers LLC now owns 271,730 shares of the exchange traded fund’s stock valued at $27,472,000 after purchasing an additional 10,918 shares in the last quarter. Angeles Investment Advisors LLC purchased a new stake in shares of iShares National Muni Bond ETF in the third quarter valued at about $79,000. Finally, BIP Wealth LLC lifted its holdings in shares of iShares National Muni Bond ETF by 51.5% in the third quarter. BIP Wealth LLC now owns 186,967 shares of the exchange traded fund’s stock valued at $18,902,000 after purchasing an additional 63,550 shares in the last quarter. 90.19% of the stock is owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Price Performance

MUB stock traded up $0.19 on Friday, reaching $103.43. The company had a trading volume of 10,228,927 shares, compared to its average volume of 6,071,850. iShares National Muni Bond ETF has a 1 year low of $100.07 and a 1 year high of $109.00. The company’s fifty day moving average is $103.02 and its 200 day moving average is $105.43.

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). 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.