iShares National Muni Bond ETF (NYSEARCA:MUB) Stake Lessened by Financial Advisory Service Inc.

Financial Advisory Service Inc. lowered its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 4.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,723 shares of the exchange traded fund’s stock after selling 915 shares during the period. Financial Advisory Service Inc.’s holdings in iShares National Muni Bond ETF were worth $2,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MUB. Parkside Financial Bank & Trust purchased a new stake in shares of iShares National Muni Bond ETF in the first quarter valued at $38,000. Truvestments Capital LLC purchased a new stake in shares of iShares National Muni Bond ETF during the second quarter worth $40,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of iShares National Muni Bond ETF during the first quarter worth $43,000. Ellis Investment Partners LLC purchased a new stake in shares of iShares National Muni Bond ETF during the first quarter worth $67,000. Finally, Optimum Investment Advisors raised its holdings in shares of iShares National Muni Bond ETF by 164.7% during the first quarter. Optimum Investment Advisors now owns 675 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 420 shares in the last quarter.

Shares of NYSEARCA:MUB opened at $113.89 on Monday. iShares National Muni Bond ETF has a 1 year low of $106.42 and a 1 year high of $113.97. The stock’s fifty day moving average price is $113.19.

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).

Further Reading: Leveraged Buyout (LBO) Explained

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Institutional Ownership by Quarter for iShares National Muni Bond ETF (NYSEARCA:MUB)

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