Brown Wealth Management LLC Has $12.76 Million Stock Position in iShares National Muni Bond ETF $MUB

Brown Wealth Management LLC lowered its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 11.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,113 shares of the exchange traded fund’s stock after selling 15,169 shares during the period. iShares National Muni Bond ETF accounts for about 4.0% of Brown Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. Brown Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $12,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC bought a new stake in iShares National Muni Bond ETF in the 4th quarter worth approximately $325,000. Revolve Wealth Partners LLC increased its position in iShares National Muni Bond ETF by 10.7% in the fourth quarter. Revolve Wealth Partners LLC now owns 124,193 shares of the exchange traded fund’s stock worth $13,233,000 after purchasing an additional 11,989 shares during the last quarter. Bison Wealth LLC purchased a new stake in iShares National Muni Bond ETF during the fourth quarter valued at $516,000. J.W. Cole Advisors Inc. raised its stake in iShares National Muni Bond ETF by 72.1% during the first quarter. J.W. Cole Advisors Inc. now owns 11,843 shares of the exchange traded fund’s stock valued at $1,249,000 after purchasing an additional 4,960 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its position in iShares National Muni Bond ETF by 449.6% during the first quarter. GW&K Investment Management LLC now owns 1,264 shares of the exchange traded fund’s stock valued at $133,000 after purchasing an additional 1,034 shares during the last quarter. 90.19% of the stock is currently owned by institutional investors.

iShares National Muni Bond ETF Stock Performance

iShares National Muni Bond ETF stock opened at $107.21 on Wednesday. The company’s 50-day moving average price is $106.93 and its 200-day moving average price is $105.07. iShares National Muni Bond ETF has a twelve month low of $100.29 and a twelve month high of $108.60.

About iShares National Muni Bond ETF

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).