a16z Perennial Management L.P. Buys New Holdings in iShares National Muni Bond ETF (NYSEARCA:MUB)

a16z Perennial Management L.P. purchased a new position in iShares National Muni Bond ETF (NYSEARCA:MUB) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 228,554 shares of the exchange traded fund’s stock, valued at approximately $25,012,000. iShares National Muni Bond ETF accounts for 3.8% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 6th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Great Valley Advisor Group Inc. boosted its holdings in shares of iShares National Muni Bond ETF by 8.0% during the 4th quarter. Great Valley Advisor Group Inc. now owns 230,450 shares of the exchange traded fund’s stock valued at $24,983,000 after purchasing an additional 17,058 shares during the last quarter. Prosperity Planning Inc. grew its holdings in iShares National Muni Bond ETF by 1.9% during the 4th quarter. Prosperity Planning Inc. now owns 27,017 shares of the exchange traded fund’s stock valued at $2,929,000 after buying an additional 507 shares in the last quarter. New York Life Investment Management LLC bought a new stake in iShares National Muni Bond ETF in the 4th quarter worth approximately $297,000. Armstrong Fleming & Moore Inc bought a new position in shares of iShares National Muni Bond ETF during the 4th quarter valued at approximately $217,000. Finally, Howe & Rusling Inc. purchased a new position in shares of iShares National Muni Bond ETF in the fourth quarter valued at $28,000.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock traded down $0.10 during mid-day trading on Wednesday, reaching $106.23. 4,388,170 shares of the company’s stock traded hands, compared to its average volume of 3,660,229. iShares National Muni Bond ETF has a 12-month low of $100.78 and a 12-month high of $108.82. The stock has a 50 day moving average of $107.24 and a two-hundred day moving average of $106.57.

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).