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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
RWS
601
Retirement Wealth Solutions
Wisconsin
$2.21M +$12.8K +123 +0.6%
SWA
602
Sax Wealth Advisors
New Jersey
$2.21M +$614K +5,901 +39%
HBS
603
Howard Bailey Securities
Indiana
$2.21M +$159K +1,533 +8%
LBC
604
Lowe Brockenbrough & Co
Virginia
$2.21M -$416K -4,001 -16%
MWC
605
MKD Wealth Coaches
Michigan
$2.2M -$26K -250 -1%
SFO
606
Stokes Family Office
Louisiana
$2.19M +$78.3K +753 +4%
PSCM
607
Per Stirling Capital Management
Texas
$2.19M
HSG
608
Helen Stephens Group
Texas
$2.18M -$66.7K -642 -3%
JFG
609
Jefferies Financial Group
New York
$2.17M +$31.3K +301 +1%
SP
610
SWS Partners
Ohio
$2.17M +$7.59K +73 +0.4%
MWM
611
MY Wealth Management
Maryland
$2.16M +$2.15M +20,670 New
APW
612
Acima Private Wealth
Virginia
$2.15M +$25.1K +241 +1%
EFG
613
Ethos Financial Group
Pennsylvania
$2.15M +$120K +1,155 +6%
PTC
614
Philadelphia Trust Company
Pennsylvania
$2.15M
IA
615
IFG Advisors
Missouri
$2.15M +$58.2K +560 +3%
AF
616
Advisornet Financial
Minnesota
$2.14M -$59.2K -569 -3%
BIP
617
Blueprint Investment Partners
North Carolina
$2.14M +$2.13M +20,486 New
VWA
618
Visionary Wealth Advisors
Illinois
$2.12M -$34.5K -332 -2%
MCC
619
Money Concepts Capital
Florida
$2.09M +$3.02K +29 +0.1%
FIBT
620
First International Bank & Trust
North Dakota
$2.09M -$767K -7,374 -27%
SWA
621
Stratos Wealth Advisors
Ohio
$2.09M -$157K -1,510 -7%
PAMG
622
Patton Albertson Miller Group
Tennessee
$2.07M -$908K -8,736 -31%
SCM
623
SOL Capital Management
Maryland
$2.06M +$381K +3,660 +23%
GS
624
GTS Securities
New York
$2.04M +$444K +4,271 +28%
HWM
625
Hohimer Wealth Management
Washington
$2.03M -$874K -8,406 -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.