Cardinal Point Capital Management ULC Has $37.40 Million Stake in iShares National Muni Bond ETF $MUB

Cardinal Point Capital Management ULC increased its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 349,470 shares of the exchange traded fund’s stock after acquiring an additional 28,823 shares during the period. iShares National Muni Bond ETF comprises 2.6% of Cardinal Point Capital Management ULC’s investment portfolio, making the stock its 8th biggest holding. Cardinal Point Capital Management ULC owned 0.09% of iShares National Muni Bond ETF worth $37,397,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in MUB. Envestnet Asset Management Inc. grew its stake in shares of iShares National Muni Bond ETF by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,357,173 shares of the exchange traded fund’s stock worth $2,126,917,000 after acquiring an additional 890,804 shares in the last quarter. Betterment LLC boosted its holdings in iShares National Muni Bond ETF by 1.0% during the second quarter. Betterment LLC now owns 18,584,233 shares of the exchange traded fund’s stock worth $1,941,681,000 after purchasing an additional 175,531 shares during the last quarter. Fisher Asset Management LLC grew its position in iShares National Muni Bond ETF by 43.0% in the 2nd quarter. Fisher Asset Management LLC now owns 8,914,935 shares of the exchange traded fund’s stock worth $931,432,000 after purchasing an additional 2,679,139 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in iShares National Muni Bond ETF by 5.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 7,528,127 shares of the exchange traded fund’s stock valued at $786,539,000 after buying an additional 369,771 shares during the last quarter. Finally, TIAA Trust National Association increased its stake in iShares National Muni Bond ETF by 3.8% in the 2nd quarter. TIAA Trust National Association now owns 5,265,134 shares of the exchange traded fund’s stock valued at $550,099,000 after buying an additional 190,861 shares during the last quarter. Institutional investors and hedge funds own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Performance

Shares of NYSEARCA MUB opened at $107.69 on Monday. The stock’s 50 day moving average price is $107.27 and its 200-day moving average price is $106.42. iShares National Muni Bond ETF has a twelve month low of $100.29 and a twelve month high of $107.96.

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.