First Business Financial Services Inc. Buys New Position in iShares National Muni Bond ETF (NYSEARCA:MUB)

First Business Financial Services Inc. bought a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the 4th quarter, Holdings Channel reports. The institutional investor bought 40,162 shares of the exchange traded fund’s stock, valued at approximately $4,279,000. iShares National Muni Bond ETF makes up approximately 0.4% of First Business Financial Services Inc.’s holdings, making the stock its 22nd biggest position.

Other hedge funds also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in iShares National Muni Bond ETF during the 4th quarter valued at about $26,000. Advantage Trust Co acquired a new position in shares of iShares National Muni Bond ETF in the fourth quarter valued at about $26,000. New Millennium Group LLC increased its holdings in shares of iShares National Muni Bond ETF by 103.5% in the fourth quarter. New Millennium Group LLC now owns 291 shares of the exchange traded fund’s stock valued at $31,000 after purchasing an additional 148 shares during the period. Wit LLC increased its holdings in shares of iShares National Muni Bond ETF by 713.9% in the third quarter. Wit LLC now owns 293 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 257 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in shares of iShares National Muni Bond ETF in the third quarter valued at about $34,000.

iShares National Muni Bond ETF Price Performance

Shares of MUB stock opened at $106.81 on Thursday. The stock’s 50-day simple moving average is $106.57 and its 200-day simple moving average is $107.32. iShares National Muni Bond ETF has a fifty-two week low of $105.00 and a fifty-two week high of $108.81.

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).