iShares National Muni Bond ETF
437 hedge funds and large institutions have $5.22B invested in iShares National Muni Bond ETF in 2016 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 160 increasing their positions, 131 reducing their positions, and 41 closing their positions.
117% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 41
30% more funds holding in top 10
Funds holding in top 10: 30 → 39 (+9)
22% more repeat investments, than reductions
Existing positions increased: 160 | Existing positions reduced: 131
13% more capital invested
Capital invested by funds: $4.61B → $5.22B (+$614M)
10% more funds holding
Funds holding: 397 → 437 (+40)
6.06% more ownership
Funds ownership: 58.9% → 64.96% (+6.1%)
52% less call options, than puts
Call options by funds: $8.17M | Put options by funds: $16.9M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$194M |
| 2 |
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
|
+$131M |
| 3 |
AL
Aspiriant LLC
Los Angeles,
California
|
+$111M |
| 4 |
Bank of New York Mellon
New York
|
+$60.4M |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
+$49.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
W
Wealthfront
Palo Alto,
California
|
-$96.6M |
| 2 |
Betterment LLC
New York
|
-$69.8M |
| 3 |
LPL Financial
San Diego,
California
|
-$36.8M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$29.9M |
| 5 |
SEI Investments
Oaks,
Pennsylvania
|
-$23.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CYG
476
Clean Yield Group
Norwich,
Vermont
| – | -$35K | -310 | Closed |
|
477
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$32K | -283 | Closed |
|
|
EDRH
478
Edmond de Rothschild Holding
Chambesy,
Switzerland
| – | -$23K | -200 | Closed |
|
|
SIM
479
Sonora Investment Management
Tucson,
Arizona
| – | -$12.3K | -109 | Closed |
|
|
HW
480
Hedeker Wealth
Lincolnshire,
Illinois
| – | -$515 | -58 | Closed |
|
|
FPTW
481
Franklin, Parlapiano, Turner & Welch
Houston,
Texas
| – | -$6K | -54 | Closed |
|
|
CG
482
Cutler Group
San Francisco,
California
| – | -$2.52K | -23 | Closed |
|
MUB Hedge Fund Activity: Q4 2016 in Review
437 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q4 2016, worth a combined $5.22B — up 13% from $4.61B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new MUB positions and 41 closed out — a net gain of 48 holders — while 160 added to existing stakes and 131 trimmed.
The largest buyer was Bank of America, adding an estimated $194M. The largest seller was Wealthfront, cutting an estimated $96.6M.
- 437 institutional investors held iShares National Muni Bond ETF (MUB) as of Q4 2016, up from 397 in Q3 2016.
- Funds reported $5.22B of iShares National Muni Bond ETF stock for Q4 2016, up 13% quarter-over-quarter.
- 89 funds opened new iShares National Muni Bond ETF positions in Q4 2016 and 41 closed out, a net change of +48 holders.
- The largest iShares National Muni Bond ETF buyer in Q4 2016 was Bank of America, an estimated $194M added.
- The largest iShares National Muni Bond ETF seller in Q4 2016 was Wealthfront, an estimated $96.6M sold.
Based on aggregated 13F filings for Q4 2016.