a16z Perennial Management L.P. Takes $25.01 Million Position in iShares National Muni Bond ETF (NYSEARCA:MUB)

a16z Perennial Management L.P. bought a new position in shares of iShares National Muni Bond ETF (NYSEARCA:MUB) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 228,554 shares of the exchange traded fund’s stock, valued at approximately $25,012,000. iShares National Muni Bond ETF comprises approximately 3.8% of a16z Perennial Management L.P.’s holdings, making the stock its 6th largest position. a16z Perennial Management L.P. owned 0.07% of iShares National Muni Bond ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MUB. FMR LLC boosted its stake in shares of iShares National Muni Bond ETF by 1.3% during the 3rd quarter. FMR LLC now owns 24,479,229 shares of the exchange traded fund’s stock worth $2,510,100,000 after acquiring an additional 315,999 shares during the period. TIAA Trust National Association acquired a new position in shares of iShares National Muni Bond ETF in the third quarter valued at $1,271,354,000. Creative Planning raised its position in shares of iShares National Muni Bond ETF by 5.3% in the third quarter. Creative Planning now owns 11,686,881 shares of the exchange traded fund’s stock valued at $1,198,373,000 after purchasing an additional 585,104 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of iShares National Muni Bond ETF by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,354,933 shares of the exchange traded fund’s stock worth $1,061,795,000 after buying an additional 202,820 shares during the last quarter. Finally, Betterment LLC boosted its holdings in shares of iShares National Muni Bond ETF by 4.2% during the 3rd quarter. Betterment LLC now owns 10,261,126 shares of the exchange traded fund’s stock worth $1,052,176,000 after buying an additional 416,186 shares during the period.

iShares National Muni Bond ETF Stock Performance

NYSEARCA:MUB traded down $0.10 during mid-day trading on Wednesday, hitting $106.23. 4,388,170 shares of the stock were exchanged, compared to its average volume of 3,660,229. The firm’s 50-day simple moving average is $107.24 and its 200 day simple moving average is $106.57. iShares National Muni Bond ETF has a fifty-two week low of $100.78 and a fifty-two week high of $108.82.

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).