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iShares National Muni Bond ETF
MUB

240 hedge funds and large institutions have $2.2B invested in iShares National Muni Bond ETF in 2014 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 107 increasing their positions, 66 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 66

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

30% more funds holding in top 10

Funds holding in top 10: 10 → 13 (+3)

11% more capital invested

Capital invested by funds: $1.99B → $2.2B (+$215M)

4% more funds holding

Funds holding: 230 → 240 (+10)

1.03% more ownership

Funds ownership: 54.15% → 55.19% (+1%)

96% less call options, than puts

Call options by funds: $2.63M | Put options by funds: $60.2M

Holders
240
Holders Change
+10
Holders Change %
+4.35%
% of All Funds
6.96%
Holding in Top 10
13
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+30%
% of All Funds
0.38%
New
28
Increased
107
Reduced
66
Closed
18
Calls
$2.63M
Puts
$60.2M
Net Calls
-$57.6M
Net Calls Change
-$10.1M

Top Buyers

Rank Fund Capital Flow
1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$70M
2
W
Wealthfront
California
+$41.3M
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$32.3M
4
Creative Planning
Creative Planning
Kansas
+$24M
5
U
UBS
Switzerland
+$23.8M

Top Sellers

Rank Fund Capital Flow
1
BIM
BlackRock Investment Management
Delaware
-$20M
2
Citigroup
Citigroup
New York
-$14.9M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$10.4M
4
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
-$5.7M
5
AAIM
American Assets Investment Management
California
-$4.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
PC
51
Peavine Capital
Nevada
$4.91M -$498K -4,567 -9%
DBT
52
Dubuque Bank & Trust
Iowa
$4.8M -$1.35M -12,420 -22%
HI
53
Hudock Inc
Pennsylvania
$4.69M +$4.67M +42,790 New
3AM
54
3D Asset Management
Connecticut
$4.57M -$204K -1,874 -4%
AP
55
Advisors Preferred
Maryland
$4.3M +$1.13M +10,352 +36%
SWP
56
Stratos Wealth Partners
Ohio
$4.04M +$4.01M +36,809 New
AssetMark Inc
57
AssetMark Inc
California
$4.02M +$54.6K +501 +1%
Bank of Montreal
58
Bank of Montreal
Ontario, Canada
$3.9M +$426K +3,905 +12%
CC
59
Curian Capital
Colorado
$3.89M -$218K -1,995 -5%
SF
60
Synovus Financial
Georgia
$3.82M -$177K -1,624 -4%
LPT
61
Legacy Private Trust
Wisconsin
$3.7M +$381K +3,493 +12%
JIR
62
James Investment Research
Ohio
$3.69M – – –
AIM
63
Allen Investment Management
New York
$3.62M +$3.6M +32,980 New
FCIM
64
Fairview Capital Investment Management
California
$3.53M +$654K +6,000 +23%
FAAS
65
First Allied Advisory Services
California
$3.47M +$443K +4,065 +15%
KFA
66
Kays Financial Advisory
Georgia
$3.32M +$13.1K +120 +0.4%
FNBOO
67
First National Bank of Omaha
Nebraska
$3.22M -$12K -110 -0.4%
B
68
Baird
Wisconsin
$3.17M -$97.6K -895 -3%
RMC
69
Regis Management Company
California
$3.06M +$704K +6,459 +30%
HSA
70
HBK Sorce Advisory
Pennsylvania
$3.02M +$5.45K +50 +0.2%
Cambridge Investment Research Advisors
71
Cambridge Investment Research Advisors
Iowa
$2.88M +$330K +3,030 +13%
DIA
72
Dean Investment Associates
Ohio
$2.84M -$3.6K -33 -0.1%
CIBC Private Wealth Group
73
CIBC Private Wealth Group
Georgia
$2.8M +$30.5K +280 +1%
PS
74
Portfolio Solutions
Michigan
$2.74M – – –
DADC
75
D.A. Davidson & Co
Montana
$2.66M – – –
1 2
3
4 5

MUB Hedge Fund Activity: Q3 2014 in Review

240 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q3 2014, worth a combined $2.2B — up 11% from $1.99B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new MUB positions and 18 closed out — a net gain of 10 holders — while 107 added to existing stakes and 66 trimmed.

The largest buyer was PNC Financial Services Group, adding an estimated $70M. The largest seller was BlackRock Investment Management, cutting an estimated $20M.

  • 240 institutional investors held iShares National Muni Bond ETF (MUB) as of Q3 2014, up from 230 in Q2 2014.
  • Funds reported $2.2B of iShares National Muni Bond ETF stock for Q3 2014, up 11% quarter-over-quarter.
  • 28 funds opened new iShares National Muni Bond ETF positions in Q3 2014 and 18 closed out, a net change of +10 holders.
  • The largest iShares National Muni Bond ETF buyer in Q3 2014 was PNC Financial Services Group, an estimated $70M added.
  • The largest iShares National Muni Bond ETF seller in Q3 2014 was BlackRock Investment Management, an estimated $20M sold.

Based on aggregated 13F filings for Q3 2014.