First Commonwealth Financial Corp PA Invests $4.27 Million in iShares National Muni Bond ETF $MUB

First Commonwealth Financial Corp PA bought a new stake in iShares National Muni Bond ETF (NYSEARCA:MUB) during the third quarter, Holdings Channel reports. The institutional investor bought 40,135 shares of the exchange traded fund’s stock, valued at approximately $4,274,000. iShares National Muni Bond ETF comprises 0.7% of First Commonwealth Financial Corp PA’s holdings, making the stock its 22nd largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brookstone Capital Management lifted its position in iShares National Muni Bond ETF by 31.5% during the 3rd quarter. Brookstone Capital Management now owns 130,663 shares of the exchange traded fund’s stock worth $13,914,000 after acquiring an additional 31,324 shares during the period. Advyzon Investment Management LLC grew its stake in shares of iShares National Muni Bond ETF by 18.1% in the 3rd quarter. Advyzon Investment Management LLC now owns 41,426 shares of the exchange traded fund’s stock valued at $4,411,000 after purchasing an additional 6,349 shares during the last quarter. Allen Capital Group LLC increased its holdings in shares of iShares National Muni Bond ETF by 121.7% in the third quarter. Allen Capital Group LLC now owns 11,413 shares of the exchange traded fund’s stock valued at $1,215,000 after purchasing an additional 6,265 shares during the period. First Horizon Corp acquired a new position in shares of iShares National Muni Bond ETF in the third quarter valued at approximately $3,365,000. Finally, BIP Wealth LLC raised its stake in shares of iShares National Muni Bond ETF by 171.2% during the third quarter. BIP Wealth LLC now owns 71,152 shares of the exchange traded fund’s stock worth $7,577,000 after purchasing an additional 44,917 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.

iShares National Muni Bond ETF Stock Down 0.1%

Shares of NYSEARCA MUB opened at $107.22 on Wednesday. The stock has a fifty day moving average price of $107.83 and a 200 day moving average price of $107.17. iShares National Muni Bond ETF has a 1-year low of $100.29 and a 1-year high of $109.00.

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). The Index measures the performance of the investment-grade segment of the United States municipal bond market. The Fund invests in a representative sample of the securities included in the Index that collectively has an investment profile similar to the Index.