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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
FTS
626
Fifth Third Securities
Ohio
$2.03M +$88K +846 +5%
PFA
627
Professional Financial Advisors
Nebraska
$2.02M +$91.6K +881 +5%
MSFS
628
Main Street Financial Solutions
Pennsylvania
$2.02M +$108K +1,039 +6%
FWP
629
Forefront Wealth Partners
Texas
$1.99M +$329K +3,161 +20%
UB
630
Umpqua Bank
Oregon
$1.98M +$91K +875 +5%
KL
631
KWMG LLC
Kansas
$1.96M -$872K -8,387 -31%
CFA
632
Capstone Financial Advisors
Illinois
$1.96M -$65.1K -626 -3%
FFM
633
Flagstone Financial Management
Nebraska
$1.94M +$885K +8,515 +84%
MWM
634
Maridea Wealth Management
New York
$1.92M -$161K -1,544 -8%
SFG
635
Sage Financial Group
Pennsylvania
$1.91M +$1.55M +14,904 +444%
PTC
636
Private Trust Company
Ohio
$1.9M -$1.73M -16,644 -48%
SJGA
637
Stephen J. Garry & Associates
New York
$1.89M -$15.1K -145 -0.8%
PP
638
PrairieView Partners
Minnesota
$1.89M +$622K +5,983 +49%
CWA
639
Canvas Wealth Advisors
Kansas
$1.88M +$61.1K +588 +3%
EFN
640
Equita Financial Network
Pennsylvania
$1.88M +$36.6K +352 +2%
TA
641
TPG Advisors
Illinois
$1.87M +$56.1K +540 +3%
RCAG
642
Rehmann Capital Advisory Group
Michigan
$1.86M -$2.78M -26,727 -60%
MA
643
Mutual Advisors
Nebraska
$1.86M -$346K -3,324 -16%
FWM
644
FLP Wealth Management
Arkansas
$1.86M +$291K +2,800 +19%
HPC
645
Hobart Private Capital
North Carolina
$1.86M +$736K +7,077 +66%
C
646
Croban
Ohio
$1.85M +$100K +964 +6%
KPP
647
Kings Path Partners
Texas
$1.85M +$64.9K +624 +4%
LIA
648
LifePlan Investment Advisors
North Carolina
$1.85M +$109K +1,044 +6%
GWM
649
Grand Wealth Management
Michigan
$1.84M -$272K -2,613 -13%
GFWA
650
Grey Fox Wealth Advisors
Delaware
$1.83M -$612K -5,882 -25%

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.