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iShares National Muni Bond ETF

238 hedge funds and large institutions have $1.7B invested in iShares National Muni Bond ETF in 2013 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 75 increasing their positions, 90 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 22

9% more funds holding

Funds holding: 218238 (+20)

9% more funds holding in top 10

Funds holding in top 10: 1112 (+1)

1% more capital invested

Capital invested by funds: $1.69B → $1.7B (+$15.5M)

0.59% less ownership

Funds ownership: 52.81%52.22% (-0.59%)

17% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 90

78% less call options, than puts

Call options by funds: $2.38M | Put options by funds: $10.6M

Holders
238
Holders Change
+20
Holders Change %
+9.17%
% of All Funds
6.91%
Holding in Top 10
12
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+9.09%
% of All Funds
0.35%
New
48
Increased
75
Reduced
90
Closed
22
Calls
$2.38M
Puts
$10.6M
Net Calls
-$8.27M
Net Calls Change
-$2.83M
Name Holding Trade Value Shares
Change
Change in
Stake
AC
226
Alexandria Capital
Virginia
$31K
WRM
227
Westport Resources Management
Connecticut
$31K
FBT
228
Founders Bank & Trust
Michigan
$30K -$665K -6,373 -96%
ECM
229
Exchange Capital Management
Michigan
$30K
HDIM
230
Hanson & Doremus Investment Management
Vermont
$29K
FM
231
Forward Management
California
$27K
SMG
232
Spectrum Management Group
Indiana
$25K +$25.2K +242 New
Northern Trust
233
Northern Trust
Illinois
$24K -$769K -7,372 -24%
EWM
234
Evercore Wealth Management
New York
$24K
IFA
235
Interactive Financial Advisors
Illinois
$23K -$313 -3 -1%
S
236
SignatureFD
Georgia
$21K -$300K -2,873 -93%
M
237
MOTCO
Texas
$15K
PFO
238
Pathstone Family Office
New Jersey
$12K
DAM
239
Delta Asset Management
Tennessee
$10K
PFSC
240
Peoples Financial Services Corp
Pennsylvania
$5K +$5.21K +50 New
BFEC
241
Benjamin F. Edwards & Company
Missouri
$4K
OIA
242
Optimum Investment Advisors
Illinois
$3K
DIA
243
Denver Investment Advisors
Colorado
$782 +$277K +2,654 +54%
Manulife (Manufacturers Life Insurance)
244
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$253 +$254K +2,439 New
FIMS
245
FBL Investment Management Services
Iowa
-$10M -96,000 Closed
PAG
246
Pinnacle Advisory Group
Maryland
-$6.99M -66,928 Closed
KIM
247
Karpus Investment Management
New York
-$5.81M -55,640 Closed
JG
248
Jefferies Group
New York
-$5.27M -50,413 Closed
NMLIC
249
Northwestern Mutual Life Insurance Company
Wisconsin
-$3.15M -30,105 Closed
FNT
250
First National Trust
Pennsylvania
-$648K -6,200 Closed

MUB Hedge Fund Activity: Q4 2013 in Review

238 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q4 2013, worth a combined $1.7B — up 0.92% from $1.69B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new MUB positions and 22 closed out — a net gain of 26 holders — while 75 added to existing stakes and 90 trimmed.

The largest buyer was Charles Schwab Investment Advisory, opening a new position worth an estimated $59.5M. The largest seller was Wells Fargo, cutting an estimated $66M.

  • 238 institutional investors held iShares National Muni Bond ETF (MUB) as of Q4 2013, up from 218 in Q3 2013.
  • Funds reported $1.7B of iShares National Muni Bond ETF stock for Q4 2013, up 0.92% quarter-over-quarter.
  • 48 funds opened new iShares National Muni Bond ETF positions in Q4 2013 and 22 closed out, a net change of +26 holders.
  • The largest iShares National Muni Bond ETF buyer in Q4 2013 was Charles Schwab Investment Advisory, an estimated $59.5M added.
  • The largest iShares National Muni Bond ETF seller in Q4 2013 was Wells Fargo, an estimated $66M sold.

Based on aggregated 13F filings for Q4 2013.