iShares National Muni Bond ETF
446 hedge funds and large institutions have $6B invested in iShares National Muni Bond ETF in 2017 Q3 according to their latest regulatory filings, with 36 funds opening new positions, 203 increasing their positions, 128 reducing their positions, and 27 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 203 | Existing positions reduced: 128
33% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 27
14% more funds holding in top 10
Funds holding in top 10: 28 → 32 (+4)
12% more capital invested
Capital invested by funds: $5.35B → $6B (+$654M)
2.98% more ownership
Funds ownership: 63.84% → 66.82% (+3%)
1% more funds holding
Funds holding: 442 → 446 (+4)
73% less call options, than puts
Call options by funds: $1.11M | Put options by funds: $4.17M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Betterment LLC
New York
|
+$105M |
| 2 |
BlackRock
New York
|
+$102M |
| 3 |
SEI Investments
Oaks,
Pennsylvania
|
+$95.1M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$82.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$60.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
-$15.1M |
| 2 |
Squarepoint
New York
|
-$12.9M |
| 3 |
Wells Fargo
San Francisco,
California
|
-$9.92M |
| 4 |
Morgan Stanley
New York
|
-$8.74M |
| 5 |
RFC
Regions Financial Corp
Birmingham,
Alabama
|
-$7.74M |
MUB Hedge Fund Activity: Q3 2017 in Review
446 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q3 2017, worth a combined $6B — up 12% from $5.35B a quarter earlier.
Buyers outnumbered sellers: 36 funds opened new MUB positions and 27 closed out — a net gain of 9 holders — while 203 added to existing stakes and 128 trimmed.
The largest buyer was Betterment LLC, adding an estimated $105M. The largest seller was Jane Street, cutting an estimated $15.1M.
- 446 institutional investors held iShares National Muni Bond ETF (MUB) as of Q3 2017, up from 442 in Q2 2017.
- Funds reported $6B of iShares National Muni Bond ETF stock for Q3 2017, up 12% quarter-over-quarter.
- 36 funds opened new iShares National Muni Bond ETF positions in Q3 2017 and 27 closed out, a net change of +9 holders.
- The largest iShares National Muni Bond ETF buyer in Q3 2017 was Betterment LLC, an estimated $105M added.
- The largest iShares National Muni Bond ETF seller in Q3 2017 was Jane Street, an estimated $15.1M sold.
Based on aggregated 13F filings for Q3 2017.