Gateway Wealth Partners LLC has significantly increased its investment in the iShares National Muni Bond ETF (NYSEARCA:MUB) by 57.2% during the first quarter of the year. A recent filing with the Securities and Exchange Commission revealed that the firm now holds 4,580 shares of the exchange-traded fund, having purchased an additional 1,666 shares during this period. As of the end of the most recent quarter, Gateway Wealth Partners’ stake in the fund is valued at approximately $483,000.
Several other institutional investors have also adjusted their positions in the iShares National Muni Bond ETF recently. Notably, Brighton Jones LLC acquired a new stake worth around $325,000 in the fourth quarter. Similarly, Revolve Wealth Partners LLC boosted its holdings by 10.7% during the same period, bringing its total ownership to 124,193 shares, valued at $13,233,000 after an additional 11,989 shares were purchased.
HBK Sorce Advisory LLC increased its holdings by 18.9% during the fourth quarter, now owning 9,287 shares worth $990,000 after acquiring an additional 1,475 shares. Atala Financial Inc and Postrock Partners LLC also made new investments, with stakes worth approximately $35,000 and $221,000, respectively.
Overall, institutional investors and hedge funds own 90.19% of the iShares National Muni Bond ETF stock, reflecting a strong interest in municipal bond investments.
Current Stock Performance
As of the latest trading session, iShares National Muni Bond ETF shares opened at $103.95. The fund’s fifty-day moving average stands at $104.03, while the two-hundred-day moving average is at $105.10. Over the past year, the ETF has experienced a low of $100.29 and a high of $108.81, indicating some volatility in the market.
The iShares National AMT-Free Muni Bond ETF, previously known as the iShares S&P National AMT-Free Municipal Bond Fund, aims to provide investment results that closely correspond to the performance of the S&P National AMT-Free Municipal Bond Index.
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