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iShares National Muni Bond ETF

1,625 hedge funds and large institutions have $36.1B invested in iShares National Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 219 funds opening new positions, 771 increasing their positions, 449 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more first-time investments, than exits

New positions opened: 219 | Existing positions closed: 91

72% more repeat investments, than reductions

Existing positions increased: 771 | Existing positions reduced: 449

6% more funds holding

Funds holding: 1,5341,625 (+91)

5% more capital invested

Capital invested by funds: $34.3B → $36.1B (+$1.86B)

5% more funds holding in top 10

Funds holding in top 10: 95100 (+5)

1.17% more ownership

Funds ownership: 85.71%86.88% (+1.2%)

6% less call options, than puts

Call options by funds: $266M | Put options by funds: $284M

Holders
1,625
Holders Change
+91
Holders Change %
+5.93%
% of All Funds
19.77%
Holding in Top 10
100
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+5.26%
% of All Funds
1.22%
New
219
Increased
771
Reduced
449
Closed
91
Calls
$266M
Puts
$284M
Net Calls
-$17.5M
Net Calls Change
-$197M
Name Holding Trade Value Shares
Change
Change in
Stake
ZF
376
Zhang Financial
Michigan
$5.75M +$1.06M +9,904 +23%
SWM
377
Seaside Wealth Management
California
$5.73M -$66.2K -618 -1%
BFS
378
Bare Financial Services
Pennsylvania
$5.71M +$1.97M +18,356 +53%
LWM
379
Level Wealth Management
North Carolina
$5.69M -$97.6K -912 -2%
AFP
380
Alpha Financial Partners
Kentucky
$5.62M +$25.3K +236 +0.5%
DWM
381
Dogwood Wealth Management
Kansas
$5.61M -$889K -8,302 -14%
TIA
382
Traphagen Investment Advisors
New Jersey
$5.58M +$447K +4,173 +9%
OAP
383
One Advisory Partners
Kansas
$5.57M +$453K +4,232 +9%
EP
384
Edgestream Partners
New Jersey
$5.54M -$1.01M -9,456 -15%
EB
385
Exchange Bank
California
$5.5M
FWM
386
Forza Wealth Management
Florida
$5.43M -$203K -1,900 -4%
GWA
387
Gutierrez Wealth Advisory
Arkansas
$5.4M +$126K +1,176 +2%
CC
388
Centiva Capital
New York
$5.36M +$5.35M +50,000 New
CCM
389
Crabel Capital Management
California
$5.35M +$3.02M +28,181 +129%
DIA
390
Davidson Investment Advisors
Montana
$5.34M -$304K -2,842 -5%
KF
391
K2 Financial
California
$5.3M +$201K +1,873 +4%
WPW
392
Watershed Private Wealth
Illinois
$5.27M +$78.6K +734 +2%
EWM
393
Empirical Wealth Management
Washington
$5.25M -$11K -103 -0.2%
PWP
394
Precedent Wealth Partners
Texas
$5.24M -$91.6K -856 -2%
PFPG
395
Pinnacle Financial Partners (Georgia)
Georgia
$5.24M +$5.24M +48,947 New
AIA
396
Armor Investment Advisors
North Carolina
$5.23M +$219K +2,041 +4%
ML
397
McAdam LLC
Pennsylvania
$5.21M +$901K +8,417 +21%
GA
398
Greenspring Advisors
Maryland
$5.21M +$3.17M +29,609 +156%
VAG
399
Vannoy Advisory Group
Texas
$5.19M +$45.3K +423 +0.9%
A
400
Alongside
Texas
$5.17M +$5.17M +48,281 New