iShares National Muni Bond ETF
378 hedge funds and large institutions have $4.44B invested in iShares National Muni Bond ETF in 2016 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 190 increasing their positions, 88 reducing their positions, and 22 closing their positions.
116% more repeat investments, than reductions
Existing positions increased: 190 | Existing positions reduced: 88
100% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 22
14% more capital invested
Capital invested by funds: $3.91B → $4.44B (+$538M)
5% more funds holding
Funds holding: 360 → 378 (+18)
4% more funds holding in top 10
Funds holding in top 10: 27 → 28 (+1)
0.66% more ownership
Funds ownership: 60.36% → 61.02% (+0.66%)
67% less call options, than puts
Call options by funds: $948K | Put options by funds: $2.86M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
+$55.5M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$50.5M |
| 3 |
Jane Street
New York
|
+$49.7M |
| 4 |
HHGA
Halbert Hargrove Global Advisors
Long Beach,
California
|
+$46.7M |
| 5 |
W
Wealthfront
Palo Alto,
California
|
+$42.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
-$38.3M |
| 2 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
-$33.8M |
| 3 |
Morgan Stanley
New York
|
-$20M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$17.5M |
| 5 |
CAG
Crestwood Advisors Group
Boston,
Massachusetts
|
-$17.2M |
MUB Hedge Fund Activity: Q2 2016 in Review
378 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q2 2016, worth a combined $4.44B — up 14% from $3.91B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new MUB positions and 22 closed out — a net gain of 22 holders — while 190 added to existing stakes and 88 trimmed.
The largest buyer was Betterment LLC, adding an estimated $55.5M. The largest seller was LPL Financial, cutting an estimated $38.3M.
- 378 institutional investors held iShares National Muni Bond ETF (MUB) as of Q2 2016, up from 360 in Q1 2016.
- Funds reported $4.44B of iShares National Muni Bond ETF stock for Q2 2016, up 14% quarter-over-quarter.
- 44 funds opened new iShares National Muni Bond ETF positions in Q2 2016 and 22 closed out, a net change of +22 holders.
- The largest iShares National Muni Bond ETF buyer in Q2 2016 was Betterment LLC, an estimated $55.5M added.
- The largest iShares National Muni Bond ETF seller in Q2 2016 was LPL Financial, an estimated $38.3M sold.
Based on aggregated 13F filings for Q2 2016.