iShares National Muni Bond ETF
397 hedge funds and large institutions have $4.61B invested in iShares National Muni Bond ETF in 2016 Q3 according to their latest regulatory filings, with 42 funds opening new positions, 201 increasing their positions, 92 reducing their positions, and 22 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 92
91% more first-time investments, than exits
New positions opened: 42 | Existing positions closed: 22
7% more funds holding in top 10
Funds holding in top 10: 28 → 30 (+2)
5% more funds holding
Funds holding: 378 → 397 (+19)
4% more capital invested
Capital invested by funds: $4.44B → $4.61B (+$166M)
3% less call options, than puts
Call options by funds: $3.52M | Put options by funds: $3.62M
2.12% less ownership
Funds ownership: 61.02% → 58.9% (-2.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
+$74.6M |
| 2 |
W
Wealthfront
Palo Alto,
California
|
+$54.9M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$43.9M |
| 4 |
AssetMark Inc
Concord,
California
|
+$26.5M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
+$22.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
-$113M |
| 2 |
Jane Street
New York
|
-$55.1M |
| 3 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
-$21.7M |
| 4 |
CAM
Caprin Asset Management
Henrico,
Virginia
|
-$20.1M |
| 5 |
HP
HT Partners
Centerbrook,
Connecticut
|
-$18.9M |
MUB Hedge Fund Activity: Q3 2016 in Review
397 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q3 2016, worth a combined $4.61B — up 3.7% from $4.44B a quarter earlier.
Buyers outnumbered sellers: 42 funds opened new MUB positions and 22 closed out — a net gain of 20 holders — while 201 added to existing stakes and 92 trimmed.
The largest buyer was Betterment LLC, adding an estimated $74.6M. The largest seller was Northwestern Mutual Wealth Management, cutting an estimated $113M.
- 397 institutional investors held iShares National Muni Bond ETF (MUB) as of Q3 2016, up from 378 in Q2 2016.
- Funds reported $4.61B of iShares National Muni Bond ETF stock for Q3 2016, up 3.7% quarter-over-quarter.
- 42 funds opened new iShares National Muni Bond ETF positions in Q3 2016 and 22 closed out, a net change of +20 holders.
- The largest iShares National Muni Bond ETF buyer in Q3 2016 was Betterment LLC, an estimated $74.6M added.
- The largest iShares National Muni Bond ETF seller in Q3 2016 was Northwestern Mutual Wealth Management, an estimated $113M sold.
Based on aggregated 13F filings for Q3 2016.