Orrstown Financial Services Inc. Invests $291,000 in iShares National Muni Bond ETF (NYSEARCA:MUB)

Orrstown Financial Services Inc. bought a new stake in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) in the 4th quarter, Holdings Channel reports. The institutional investor bought 2,735 shares of the exchange traded fund’s stock, valued at approximately $291,000.

Several other institutional investors also recently bought and sold shares of MUB. AQR Capital Management LLC purchased a new stake in shares of iShares National Muni Bond ETF during the 2nd quarter worth approximately $1,112,000. The Manufacturers Life Insurance Company lifted its position in iShares National Muni Bond ETF by 8.0% during the second quarter. The Manufacturers Life Insurance Company now owns 200,497 shares of the exchange traded fund’s stock valued at $21,417,000 after purchasing an additional 14,922 shares during the last quarter. Millennium Management LLC grew its stake in shares of iShares National Muni Bond ETF by 6.6% in the 2nd quarter. Millennium Management LLC now owns 24,805 shares of the exchange traded fund’s stock worth $2,643,000 after buying an additional 1,543 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in iShares National Muni Bond ETF by 49.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 22,799 shares of the exchange traded fund’s stock worth $2,429,000 after acquiring an additional 7,520 shares in the last quarter. Finally, Somnio Financial Group LLC purchased a new position in shares of iShares National Muni Bond ETF in the 2nd quarter worth approximately $5,110,000.

iShares National Muni Bond ETF Trading Down 0.1 %

Shares of MUB traded down $0.10 during midday trading on Wednesday, hitting $106.59. The stock had a trading volume of 137,499 shares, compared to its average volume of 4,472,867. iShares National Muni Bond ETF has a 1 year low of $105.00 and a 1 year high of $108.81. The stock’s 50 day moving average is $106.95 and its 200 day moving average is $107.45.

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).