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iShares National Muni Bond ETF

800 hedge funds and large institutions have $11.2B invested in iShares National Muni Bond ETF in 2019 Q4 according to their latest regulatory filings, with 168 funds opening new positions, 366 increasing their positions, 154 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

460% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 30

138% more repeat investments, than reductions

Existing positions increased: 366 | Existing positions reduced: 154

27% more funds holding in top 10

Funds holding in top 10: 5165 (+14)

19% more funds holding

Funds holding: 671800 (+129)

8% more capital invested

Capital invested by funds: $10.3B → $11.2B (+$850M)

0.54% more ownership

Funds ownership: 71.83%72.37% (+0.54%)

27% less call options, than puts

Call options by funds: $2.02M | Put options by funds: $2.75M

Holders
800
Holders Change
+129
Holders Change %
+19.23%
% of All Funds
15.76%
Holding in Top 10
65
Holding in Top 10 Change
+14
Holding in Top 10 Change %
+27.45%
% of All Funds
1.28%
New
168
Increased
366
Reduced
154
Closed
30
Calls
$2.02M
Puts
$2.75M
Net Calls
-$730K
Net Calls Change
+$1.68M
Name Holding Trade Value Shares
Change
Change in
Stake
Truist Financial
26
Truist Financial
North Carolina
$60.2M +$38.1M +334,384 +172%
Nisa Investment Advisors
27
Nisa Investment Advisors
Missouri
$59.1M +$18M +157,858 +44%
AL
28
Aspiriant LLC
California
$57.6M +$4.54M +39,863 +9%
Royal Bank of Canada
29
Royal Bank of Canada
Ontario, Canada
$56.9M +$4.47M +39,243 +9%
Financial Engines Advisors
30
Financial Engines Advisors
California
$53M +$5.3M +46,534 +11%
LTFS
31
Ladenburg Thalmann Financial Services
Florida
$51.2M +$5.79M +50,827 +13%
HHGA
32
Halbert Hargrove Global Advisors
California
$49.1M -$2.9M -25,423 -6%
Mercer Global Advisors
33
Mercer Global Advisors
Colorado
$46.2M +$8.35M +73,271 +22%
Franklin Resources
34
Franklin Resources
California
$41.8M +$4.5M +39,463 +12%
Wealthfront Advisers
35
Wealthfront Advisers
California
$41.2M -$946K -8,304 -2%
PS
36
Portfolio Solutions
Michigan
$40.1M -$249K -2,184 -0.6%
USAA
37
United Services Automobile Association
Texas
$39.5M +$1.81M +15,923 +5%
JP Morgan Chase
38
JP Morgan Chase
New York
$38.9M -$2.59M -22,749 -6%
Lazard Asset Management
39
Lazard Asset Management
New York
$38.2M
AWA
40
Alaska Wealth Advisors
Alaska
$35.8M +$35.8M +314,171 New
HCM
41
Hengehold Capital Management
Ohio
$35.7M +$7.02M +61,585 +24%
UCFA
42
United Capital Financial Advisors
Texas
$31.1M -$101K -891 -0.3%
WAP
43
Wealthcare Advisory Partners
Pennsylvania
$30.4M +$2.13M +18,712 +8%
V
44
Veritable
Delaware
$30.2M
RJA
45
Raymond James & Associates
Florida
$29.9M +$2.57M +22,583 +9%
T. Rowe Price Associates
46
T. Rowe Price Associates
Maryland
$28.3M +$28.3M +248,546 New
Stifel Financial
47
Stifel Financial
Missouri
$27.8M +$12M +105,621 +76%
B
48
Bailard
California
$27.4M +$3.02M +26,521 +12%
MNG
49
Manning & Napier Group
New York
$26.5M
WRF
50
Waddell & Reed Financial
Kansas
$25.8M

MUB Hedge Fund Activity: Q4 2019 in Review

800 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q4 2019, worth a combined $11.2B — up 8.2% from $10.3B a quarter earlier.

Buyers outnumbered sellers: 168 funds opened new MUB positions and 30 closed out — a net gain of 138 holders — while 366 added to existing stakes and 154 trimmed.

The largest buyer was Bank of America, adding an estimated $110M. The largest seller was UBS Group, cutting an estimated $71.9M.

  • 800 institutional investors held iShares National Muni Bond ETF (MUB) as of Q4 2019, up from 671 in Q3 2019.
  • Funds reported $11.2B of iShares National Muni Bond ETF stock for Q4 2019, up 8.2% quarter-over-quarter.
  • 168 funds opened new iShares National Muni Bond ETF positions in Q4 2019 and 30 closed out, a net change of +138 holders.
  • The largest iShares National Muni Bond ETF buyer in Q4 2019 was Bank of America, an estimated $110M added.
  • The largest iShares National Muni Bond ETF seller in Q4 2019 was UBS Group, an estimated $71.9M sold.

Based on aggregated 13F filings for Q4 2019.