iShares National Muni Bond ETF (MUB) is Summit Wealth & Retirement Planning Inc.’s 7th Largest Position

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Summit Wealth & Retirement Planning Inc. boosted its stake in iShares National Muni Bond ETF (NYSEARCA:MUB) by 10.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 34,587 shares of the exchange traded fund’s stock after purchasing an additional 3,158 shares during the quarter. iShares National Muni Bond ETF comprises 2.3% of Summit Wealth & Retirement Planning Inc.’s portfolio, making the stock its 7th largest position. Summit Wealth & Retirement Planning Inc.’s holdings in iShares National Muni Bond ETF were worth $3,846,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. BKD Wealth Advisors LLC purchased a new stake in iShares National Muni Bond ETF during the fourth quarter worth approximately $5,988,000. Piershale Financial Group Inc. purchased a new stake in iShares National Muni Bond ETF during the fourth quarter worth approximately $11,045,000. Horan Securities Inc. purchased a new stake in iShares National Muni Bond ETF during the fourth quarter worth approximately $225,000. Bank of Montreal Can grew its stake in iShares National Muni Bond ETF by 147.5% during the fourth quarter. Bank of Montreal Can now owns 189,623 shares of the exchange traded fund’s stock worth $20,676,000 after buying an additional 112,999 shares during the period. Finally, PFS Investments Inc. grew its stake in iShares National Muni Bond ETF by 106.4% during the fourth quarter. PFS Investments Inc. now owns 25,495 shares of the exchange traded fund’s stock worth $2,777,000 after buying an additional 13,143 shares during the period.

Shares of MUB stock traded up $0.04 on Wednesday, hitting $112.30. The stock had a trading volume of 3,567 shares, compared to its average volume of 943,397. iShares National Muni Bond ETF has a 52-week low of $106.42 and a 52-week high of $112.48.

The company also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.2345 dividend. The ex-dividend date of this dividend was Wednesday, May 1st. This represents a $2.81 annualized dividend and a dividend yield of 2.51%.

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iShares National Muni Bond ETF Company Profile

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

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