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Cordasco Financial Network lifted its holdings in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) by 1,075.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,408 shares of the exchange traded fund’s stock after purchasing an additional 4,033 shares during the quarter. iShares National Muni Bond ETF comprises about 0.5% of Cordasco Financial Network’s investment portfolio, making the stock its 25th biggest position. Cordasco Financial Network’s holdings in iShares National Muni Bond ETF were worth $481,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MUB. Wells Fargo & Company MN raised its position in shares of iShares National Muni Bond ETF by 3.6% in the 3rd quarter. Wells Fargo & Company MN now owns 2,377,785 shares of the exchange traded fund’s stock worth $256,658,000 after buying an additional 82,430 shares during the period. FMR LLC raised its position in shares of iShares National Muni Bond ETF by 6.4% in the 3rd quarter. FMR LLC now owns 1,758,369 shares of the exchange traded fund’s stock worth $189,798,000 after buying an additional 106,475 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares National Muni Bond ETF by 4.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,694,992 shares of the exchange traded fund’s stock worth $182,960,000 after buying an additional 66,910 shares during the period. Envestnet Asset Management Inc. raised its position in shares of iShares National Muni Bond ETF by 12.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,623,115 shares of the exchange traded fund’s stock worth $175,199,000 after buying an additional 173,642 shares during the period. Finally, Fisher Asset Management LLC raised its position in shares of iShares National Muni Bond ETF by 10.3% in the 3rd quarter. Fisher Asset Management LLC now owns 1,324,266 shares of the exchange traded fund’s stock worth $142,941,000 after buying an additional 123,126 shares during the period.
Shares of MUB traded up $0.08 during trading hours on Monday, hitting $109.01. The stock had a trading volume of 2,117,864 shares, compared to its average volume of 1,668,518. iShares National Muni Bond ETF has a 12-month low of $106.42 and a 12-month high of $110.26.
The company also recently announced a monthly dividend, which was paid on Monday, December 24th. Investors of record on Wednesday, December 19th were given a $0.2198 dividend. This represents a $2.64 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, December 18th.
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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).
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