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GMUB

Goldman Sachs Municipal Income ETF
GMUB

39 hedge funds and large institutions have $130M invested in Goldman Sachs Municipal Income ETF in 2025 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,900% more first-time investments, than exits

New positions opened: 20 | Existing positions closed: 1

100% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 6

77% more funds holding

Funds holding: 22 → 39 (+17)

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

30% more capital invested

Capital invested by funds: $100M → $130M (+$29.8M)

3.97% more ownership

Funds ownership: 93.68% → 97.64% (+4%)

Holders
39
Holders Change
+17
Holders Change %
+77.27%
% of All Funds
0.47%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
20
Increased
12
Reduced
6
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GA
GoalVest Advisory
New York
+$5.88M
2
UCFA
United Capital Financial Advisors
Texas
+$5.02M
3
CAWM
Capital Advisors Wealth Management
Washington
+$4M
4
FFA
Farther Finance Advisors
California
+$3.12M
5
PIA
Pinion Investment Advisors
Kansas
+$2.89M

Top Sellers

Rank Fund Capital Flow
1
FTUS
Flow Traders U.S.
New York
-$3.08M
2
Stifel Financial
Stifel Financial
Missouri
-$498K
3
BFG
Berger Financial Group
Minnesota
-$158K
4
JP Morgan Chase
JP Morgan Chase
New York
-$97.1K
5
LWMNY
Landmark Wealth Management (New York)
New York
-$23K
Name Holding Trade Value Shares
Change 		Change in
Stake
SA
26
Sanctuary Advisors
Indiana
$450K +$449K +8,800 New
WIA
27
World Investment Advisors
California
$375K +$374K +7,318 New
WIM
28
WealthPlan Investment Management
Nebraska
$375K +$153K +2,987 +69%
MCP
29
Miller Capital Partners
Michigan
$305K +$304K +5,960 New
DWM
30
Ducere Wealth Management
California
$230K +$230K +4,498 New
S
31
SignatureFD
Georgia
$136K +$135K +2,653 New
AWM
32
AE Wealth Management
Kansas
$116K +$115K +2,257 New
GF
33
GGM Financials
Ohio
$101K +$101K +1,977 New
UBS Group
34
UBS Group
Switzerland
$14.4K -$14.6K -286 -50%
Bank of America
35
Bank of America
North Carolina
$13.9K +$13.9K +272 New
MPW
36
MASECO Private Wealth
$2.2K – – –
Rockefeller Capital Management
37
Rockefeller Capital Management
New York
$2K +$1.99K +39 New
OSAM
38
O'Shaughnessy Asset Management
Connecticut
$51 +$51 +1 New
HIA
39
HFM Investment Advisors
New Jersey
$28 +$51 +1 New
AWM
40
Activest Wealth Management
Florida
– -$1.22K -24 Closed
1
2

GMUB Hedge Fund Activity: Q4 2025 in Review

39 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Municipal Income ETF (GMUB) for Q4 2025, worth a combined $130M — up 30% from $100M a quarter earlier.

Buyers outnumbered sellers: 20 funds opened new GMUB positions and 1 closed out — a net gain of 19 holders — while 12 added to existing stakes and 6 trimmed.

The largest buyer was GoalVest Advisory, adding an estimated $5.88M. The largest seller was Flow Traders U.S., cutting an estimated $3.08M.

  • 39 institutional investors held Goldman Sachs Municipal Income ETF (GMUB) as of Q4 2025, up from 22 in Q3 2025.
  • Funds reported $130M of Goldman Sachs Municipal Income ETF stock for Q4 2025, up 30% quarter-over-quarter.
  • 20 funds opened new Goldman Sachs Municipal Income ETF positions in Q4 2025 and 1 closed out, a net change of +19 holders.
  • The largest Goldman Sachs Municipal Income ETF buyer in Q4 2025 was GoalVest Advisory, an estimated $5.88M added.
  • The largest Goldman Sachs Municipal Income ETF seller in Q4 2025 was Flow Traders U.S., an estimated $3.08M sold.

Based on aggregated 13F filings for Q4 2025.