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) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 makes up 0.7% of First Commonwealth Financial Corp PA’s holdings, making the stock its 22nd largest position.

A number of other hedge funds have also recently modified their holdings of MUB. Brighton Jones LLC purchased a new stake in iShares National Muni Bond ETF in the fourth quarter valued at $325,000. Revolve Wealth Partners LLC grew its holdings in shares of iShares National Muni Bond ETF by 10.7% during the fourth quarter. Revolve Wealth Partners LLC now owns 124,193 shares of the exchange traded fund’s stock worth $13,233,000 after purchasing an additional 11,989 shares during the last quarter. Bison Wealth LLC purchased a new position in shares of iShares National Muni Bond ETF during the fourth quarter worth about $516,000. AQR Capital Management LLC increased its position in shares of iShares National Muni Bond ETF by 21.2% during the first quarter. AQR Capital Management LLC now owns 13,285 shares of the exchange traded fund’s stock worth $1,401,000 after purchasing an additional 2,322 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its position in shares of iShares National Muni Bond ETF by 477.2% during the second quarter. Symphony Financial Ltd. Co. now owns 158,619 shares of the exchange traded fund’s stock worth $16,569,000 after purchasing an additional 131,139 shares in the last quarter. 90.19% of the stock is owned by hedge funds and other institutional investors.

iShares National Muni Bond ETF Price Performance

iShares National Muni Bond ETF stock opened at $107.22 on Wednesday. iShares National Muni Bond ETF has a fifty-two week low of $100.29 and a fifty-two week high of $109.00. The stock has a 50-day simple moving average of $107.83 and a 200-day simple moving average of $107.17.

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.