Waterway Wealth Management LLC Has $18.66 Million Stock Holdings in iShares National Muni Bond ETF $MUB

Waterway Wealth Management LLC reduced its stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 8.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 175,740 shares of the exchange traded fund’s stock after selling 16,498 shares during the period. iShares National Muni Bond ETF makes up approximately 3.4% of Waterway Wealth Management LLC’s holdings, making the stock its 8th biggest holding. Waterway Wealth Management LLC’s holdings in iShares National Muni Bond ETF were worth $18,655,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Karpus Management Inc. acquired a new position in shares of iShares National Muni Bond ETF during the fourth quarter worth about $25,000. Turning Point Benefit Group Inc. bought a new position in shares of iShares National Muni Bond ETF in the third quarter valued at $26,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares National Muni Bond ETF during the 1st quarter worth about $26,000. Dunhill Financial LLC increased its position in iShares National Muni Bond ETF by 807.1% during the fourth quarter. Dunhill Financial LLC now owns 254 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 226 shares during the last quarter. Finally, Carolina Wealth Advisors LLC bought a new stake in iShares National Muni Bond ETF in the 4th quarter valued at $28,000. 90.19% of the stock is owned by institutional investors and hedge funds.

iShares National Muni Bond ETF Stock Performance

NYSEARCA MUB opened at $107.58 on Friday. The firm has a 50-day moving average of $106.94 and a 200-day moving average of $107.19. iShares National Muni Bond ETF has a 52-week low of $103.14 and a 52-week high of $109.00.

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). 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.