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iShares National Muni Bond ETF

1,498 hedge funds and large institutions have $35.3B invested in iShares National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 587 increasing their positions, 608 reducing their positions, and 115 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 115

0.44% less ownership

Funds ownership: 89.52%89.08% (-0.44%)

3% less repeat investments, than reductions

Existing positions increased: 587 | Existing positions reduced: 608

2% less funds holding

Funds holding: 1,5231,498 (-25)

3% less funds holding in top 10

Funds holding in top 10: 121117 (-4)

5% less capital invested

Capital invested by funds: $37.3B → $35.3B (-$1.91B)

79% less call options, than puts

Call options by funds: $99.1M | Put options by funds: $467M

Holders
1,498
Holders Change
-25
Holders Change %
-1.64%
% of All Funds
20.08%
Holding in Top 10
117
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-3.31%
% of All Funds
1.57%
New
120
Increased
587
Reduced
608
Closed
115
Calls
$99.1M
Puts
$467M
Net Calls
-$368M
Net Calls Change
-$298M
Name Holding Trade Value Shares
Change
Change in
Stake
BCM
351
BTC Capital Management
Iowa
$6.51M -$16.4K -154 -0.2%
ASW
352
Astoria Strategic Wealth
Texas
$6.5M +$155K +1,460 +2%
KWM
353
Keebeck Wealth Management
Illinois
$6.46M +$105K +988 +2%
IWP
354
Invenio Wealth Partners
Florida
$6.43M -$155K -1,455 -2%
DWM
355
Dogwood Wealth Management
Kansas
$6.41M -$11.1K -104 -0.2%
EWA
356
Exencial Wealth Advisors
Oklahoma
$6.4M +$618K +5,815 +11%
FWM
357
FFT Wealth Management
Pennsylvania
$6.36M +$1.82M +17,155 +40%
PIMG
358
Patriot Investment Management Group
Tennessee
$6.31M +$1.1M +10,358 +21%
SFFS
359
Stonehage Fleming Financial Services
Jersey
$6.27M +$3.51M +33,042 +125%
ZF
360
Zhang Financial
Michigan
$6.22M +$1.45M +13,678 +30%
W
361
WealthCollab
Washington
$6.2M +$1.02M +9,614 +20%
CWM
362
Connecticut Wealth Management
Connecticut
$6.15M +$479K +4,501 +8%
WCM
363
Wealthcare Capital Management
Virginia
$6.11M -$668K -6,284 -10%
TWM
364
Trinity Wealth Management
Pennsylvania
$6.1M -$101K -946 -2%
AFP
365
Alpha Financial Partners
Kentucky
$6.06M +$518K +4,874 +9%
ACM
366
AUA Capital Management
Pennsylvania
$6.03M +$392K +3,685 +7%
WMR
367
Wealth Management Resources
Rhode Island
$6.02M -$233K -2,189 -4%
DB
368
Dravo Bay
Delaware
$5.99M -$792K -7,447 -12%
DIA
369
Davidson Investment Advisors
Montana
$5.97M +$765K +7,197 +15%
RBCM
370
Raub Brock Capital Management
California
$5.82M -$1.24M -11,660 -17%
CISOA
371
Capital Investment Services of America
Wisconsin
$5.81M -$505K -4,750 -8%
VAG
372
Vannoy Advisory Group
Texas
$5.76M +$52K +489 +0.9%
PWP
373
Precedent Wealth Partners
Texas
$5.74M +$240K +2,258 +4%
B
374
Bailard
California
$5.73M -$3.81M -35,828 -40%
SB
375
Strategic Blueprint
Georgia
$5.71M -$1.73M -16,299 -23%

MUB Hedge Fund Activity: Q1 2025 in Review

1,498 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2025, worth a combined $35.3B — down 5.1% from $37.3B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 115 closed out — a net gain of 5 holders — while 587 added to existing stakes and 608 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $196M. The largest seller was Bank of America, cutting an estimated $217M.

  • 1,498 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2025, down from 1,523 in Q4 2024.
  • Funds reported $35.3B of iShares National Muni Bond ETF stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2025 and 115 closed out, a net change of +5 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2025 was D.E. Shaw & Co, an estimated $196M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2025 was Bank of America, an estimated $217M sold.

Based on aggregated 13F filings for Q1 2025.