Goldman Sachs Municipal Income ETF
GMUB
40 hedge funds and large institutions have $132M invested in Goldman Sachs Municipal Income ETF in 2025 Q4 according to their latest regulatory filings, with 21 funds opening new positions, 12 increasing their positions, 6 reducing their positions, and 1 closing their positions.
2,000% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 1
100% more repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 6
82% more funds holding
Funds holding: 22 → 40 (+18)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
32% more capital invested
Capital invested by funds: $100M → $132M (+$31.6M)
5.28% more ownership
Funds ownership: 93.68% → 98.96% (+5.3%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
GoalVest Advisory
New York
|
+$5.88M |
| 2 |
UCFA
United Capital Financial Advisors
Irving,
Texas
|
+$5.02M |
| 3 |
CAWM
Capital Advisors Wealth Management
Yakima,
Washington
|
+$4M |
| 4 |
FFA
Farther Finance Advisors
San Francisco,
California
|
+$3.12M |
| 5 |
PIA
Pinion Investment Advisors
Wichita,
Kansas
|
+$2.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTUS
Flow Traders U.S.
New York
|
-$3.08M |
| 2 |
Stifel Financial
St. Louis,
Missouri
|
-$498K |
| 3 |
BFG
Berger Financial Group
Plymouth,
Minnesota
|
-$158K |
| 4 |
JP Morgan Chase
New York
|
-$97.1K |
| 5 |
LWMNY
Landmark Wealth Management (New York)
Melville,
New York
|
-$23K |
GMUB Hedge Fund Activity: Q4 2025 in Review
40 of the 8,270 institutional investors tracked by Wall St. Rank reported a position in Goldman Sachs Municipal Income ETF (GMUB) for Q4 2025, worth a combined $132M — up 32% from $100M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new GMUB positions and 1 closed out — a net gain of 20 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.
- 40 institutional investors held Goldman Sachs Municipal Income ETF (GMUB) as of Q4 2025, up from 22 in Q3 2025.
- Funds reported $132M of Goldman Sachs Municipal Income ETF stock for Q4 2025, up 32% quarter-over-quarter.
- 21 funds opened new Goldman Sachs Municipal Income ETF positions in Q4 2025 and 1 closed out, a net change of +20 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.