Tortoise Investment Management LLC Has $1.14 Million Position in iShares National Muni Bond ETF (MUB)

Tortoise Investment Management LLC increased its holdings in iShares National Muni Bond ETF (NYSEARCA:MUB) by 72.5% in the first quarter, HoldingsChannel.com reports. The firm owned 10,280 shares of the exchange traded fund’s stock after buying an additional 4,322 shares during the quarter. Tortoise Investment Management LLC’s holdings in iShares National Muni Bond ETF were worth $1,143,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MUB. Sound Income Strategies LLC acquired a new position in iShares National Muni Bond ETF in the 1st quarter worth about $26,000. Proficio Capital Partners LLC acquired a new position in iShares National Muni Bond ETF in the 4th quarter worth about $31,000. Old North State Trust LLC acquired a new position in iShares National Muni Bond ETF in the 4th quarter worth about $32,000. Parkside Financial Bank & Trust acquired a new position in iShares National Muni Bond ETF in the 1st quarter worth about $38,000. Finally, Patriot Financial Group Insurance Agency LLC acquired a new position in iShares National Muni Bond ETF in the 1st quarter worth about $43,000.

NYSEARCA MUB traded up $0.06 during trading hours on Friday, reaching $112.44. The company’s stock had a trading volume of 3,382 shares, compared to its average volume of 958,793. iShares National Muni Bond ETF has a 1-year low of $106.42 and a 1-year high of $112.42.

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were issued a $0.2345 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $2.81 dividend on an annualized basis and a yield of 2.50%.

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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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Want to see what other hedge funds are holding MUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares National Muni Bond ETF (NYSEARCA:MUB).

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

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