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iShares National Muni Bond ETF

1,536 hedge funds and large institutions have $34.5B invested in iShares National Muni Bond ETF in 2025 Q2 according to their latest regulatory filings, with 156 funds opening new positions, 561 increasing their positions, 646 reducing their positions, and 100 closing their positions.

New
Increased
Maintained
Reduced
Closed

163% more call options, than puts

Call options by funds: $593M | Put options by funds: $226M

56% more first-time investments, than exits

New positions opened: 156 | Existing positions closed: 100

3% more funds holding

Funds holding: 1,4981,536 (+38)

0.1% more ownership

Funds ownership: 89.08%89.18% (+0.1%)

3% less capital invested

Capital invested by funds: $35.3B → $34.5B (-$893M)

9% less funds holding in top 10

Funds holding in top 10: 117106 (-11)

13% less repeat investments, than reductions

Existing positions increased: 561 | Existing positions reduced: 646

Holders
1,536
Holders Change
+38
Holders Change %
+2.54%
% of All Funds
20.22%
Holding in Top 10
106
Holding in Top 10 Change
-11
Holding in Top 10 Change %
-9.4%
% of All Funds
1.4%
New
156
Increased
561
Reduced
646
Closed
100
Calls
$593M
Puts
$226M
Net Calls
+$368M
Net Calls Change
+$736M
Name Holding Trade Value Shares
Change
Change in
Stake
JIR
576
James Investment Research
Ohio
$2.41M -$8.42K -81 -0.4%
PP
577
Prosperity Planning
Missouri
$2.4M
CFO
578
CVA Family Office
Colorado
$2.39M +$912K +8,773 +62%
LL
579
LPWM LLC
Minnesota
$2.39M -$2.96M -28,490 -55%
JSW
580
Journey Strategic Wealth
New Jersey
$2.38M +$734K +7,056 +45%
MAWA
581
Moss Adams Wealth Advisors
Washington
$2.38M -$888K -8,545 -27%
USCWA
582
U.S. Capital Wealth Advisors
Texas
$2.34M +$53.4K +514 +2%
JC
583
JB Capital
Connecticut
$2.34M +$2.33M +22,404 New
NL
584
NWAM LLC
Washington
$2.34M +$1.07M +10,266 +84%
FCA
585
Fortis Capital Advisors
Kansas
$2.34M +$353K +3,399 +18%
LCWP
586
Legacy Capital Wealth Partners
Arkansas
$2.31M +$2.05M +19,756 +826%
PSA
587
Plum Street Advisors
Louisiana
$2.31M +$63.6K +612 +3%
GWP
588
Gen-Wealth Partners
Michigan
$2.3M +$305K +2,934 +15%
AIM
589
Alhambra Investment Management
Florida
$2.3M +$67.6K +650 +3%
SHJ
590
Sharkey, Howes & Javer
Colorado
$2.29M +$219K +2,108 +11%
STFP
591
Signal Tree Financial Partners
Ohio
$2.28M -$1.05M -10,076 -32%
JSA
592
Jacobson & Schmitt Advisors
Wisconsin
$2.27M -$68K -654 -3%
MCM
593
MAI Capital Management
Ohio
$2.25M -$2.07M -19,882 -48%
TF
594
Theory Financial
Colorado
$2.25M +$257K +2,468 +13%
RIM
595
Redwood Investment Management
Arizona
$2.25M +$333K +3,199 +17%
PA
596
Procyon Advisors
Connecticut
$2.25M -$65.1K -626 -3%
FHA
597
Flagship Harbor Advisors
Massachusetts
$2.25M -$164K -1,573 -7%
AWM
598
Accurate Wealth Management
Florida
$2.25M -$105K -1,008 -4%
FF
599
Francis Financial
$2.23M +$519K +4,992 +31%
AF
600
Apollon Financial
South Carolina
$2.21M -$924K -8,892 -30%

MUB Hedge Fund Activity: Q2 2025 in Review

1,536 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q2 2025, worth a combined $34.5B — down 2.5% from $35.3B a quarter earlier.

Buyers outnumbered sellers: 156 funds opened new MUB positions and 100 closed out — a net gain of 56 holders — while 561 added to existing stakes and 646 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $552M. The largest seller was Charles Schwab, cutting an estimated $951M.

  • 1,536 institutional investors held iShares National Muni Bond ETF (MUB) as of Q2 2025, up from 1,498 in Q1 2025.
  • Funds reported $34.5B of iShares National Muni Bond ETF stock for Q2 2025, down 2.5% quarter-over-quarter.
  • 156 funds opened new iShares National Muni Bond ETF positions in Q2 2025 and 100 closed out, a net change of +56 holders.
  • The largest iShares National Muni Bond ETF buyer in Q2 2025 was Fidelity Investments, an estimated $552M added.
  • The largest iShares National Muni Bond ETF seller in Q2 2025 was Charles Schwab, an estimated $951M sold.

Based on aggregated 13F filings for Q2 2025.