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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
AIS
676
Accredited Investor Services
Minnesota
$1.68M +$83.8K +806 +5%
ST
677
Spinnaker Trust
Maine
$1.68M
JWS
678
Juncture Wealth Strategies
Arizona
$1.67M -$332K -3,190 -17%
CFO
679
Collective Family Office
Pennsylvania
$1.67M +$744K +7,159 +81%
COI
680
Connable Office Inc
Michigan
$1.67M +$1.12M +10,820 +209%
BWP
681
Bernardo Wealth Planning
Pennsylvania
$1.67M -$112K -1,079 -6%
NL
682
NDWM LLC
California
$1.65M +$1.09M +10,471 +196%
SAM
683
Smartleaf Asset Management
Massachusetts
$1.64M +$995K +9,571 +155%
AWA
684
Arkadios Wealth Advisors
Georgia
$1.64M -$285K -2,740 -15%
SYBT
685
Stock Yards Bank & Trust
Kentucky
$1.64M -$393K -3,780 -19%
DC
686
Dorval Corp
Minnesota
$1.62M +$223K +2,145 +16%
LSA
687
Lansing Street Advisors
Pennsylvania
$1.62M -$1.08M -10,401 -40%
BBHC
688
Brown Brothers Harriman & Co
New York
$1.62M -$392K -3,774 -20%
BFA
689
Beaumont Financial Advisors
Massachusetts
$1.61M -$355K -3,413 -18%
UBV
690
United Bank (Virginia)
Virginia
$1.59M
GWANC
691
Guardian Wealth Advisors (North Carolina)
North Carolina
$1.59M +$84.3K +811 +6%
DIA
692
Dean Investment Associates
Ohio
$1.59M
IFG
693
Independent Financial Group
California
$1.58M -$161K -1,549 -9%
WCFP
694
White & Co Financial Planning
Washington
$1.58M -$1.35K -13 -0.1%
CCM
695
Cambridge Capital Management
Illinois
$1.58M -$493K -4,746 -24%
AC
696
AlphaCore Capital
California
$1.58M +$1.43M +13,797 +1,078%
PCA
697
Prosperity Capital Advisors
Ohio
$1.57M -$449K -4,319 -22%
BMWS
698
Brady Martz Wealth Solutions
North Dakota
$1.57M -$1.02M -9,827 -40%
MFWM
699
Motley Fool Wealth Management
Virginia
$1.57M +$25.6K +246 +2%
TCM
700
Tassel Capital Management
North Carolina
$1.55M -$1.71M -16,481 -53%

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.