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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
FA
726
FC Advisory
Pennsylvania
$1.42M -$543K -5,222 -28%
RWA
727
Rooted Wealth Advisors
Illinois
$1.42M +$5.72K +55 +0.4%
IPA
728
Investment Planning Advisors
Georgia
$1.41M +$139K +1,340 +11%
PB
729
Pinnacle Bancorp
Nebraska
$1.4M +$247K +2,379 +22%
TCBWMS
730
Texas Capital Bank Wealth Management Services
Texas
$1.4M +$1.39M +13,400 New
SFMG
731
Sage Financial Management Group
Virginia
$1.39M -$253K -2,432 -15%
AFP
732
Ausdal Financial Partners
Iowa
$1.38M -$205K -1,974 -13%
M
733
MYeCFO
California
$1.37M -$164K -1,580 -11%
OC
734
Oppenheimer & Co
New York
$1.37M +$92K +885 +7%
PA
735
Pinnacle Associates
New York
$1.36M +$178K +1,712 +15%
ES
736
Eagle Strategies
New York
$1.36M +$1.36M +13,044 New
PMG
737
ProVise Management Group
Florida
$1.35M -$44.2K -425 -3%
LCM
738
Liberty Capital Management
Michigan
$1.35M -$417K -4,011 -24%
MFGP
739
Marshall Financial Group (Pennsylvania)
Pennsylvania
$1.35M -$2.7K -26 -0.2%
PFA
740
Petra Financial Advisors
Colorado
$1.33M -$33.9K -326 -3%
JBW
741
Journey Beyond Wealth
Georgia
$1.32M
FNBSF
742
First National Bank Sioux Falls
South Dakota
$1.31M
GSIAS
743
Garden State Investment Advisory Services
New Jersey
$1.31M -$849K -8,170 -40%
CPP
744
Capasso Planning Partners
South Carolina
$1.3M -$333K -3,201 -20%
DADC
745
D.A. Davidson & Co
Montana
$1.3M -$403K -3,876 -24%
LAM
746
L2 Asset Management
Massachusetts
$1.3M +$1.29M +12,400 New
AF
747
Arrow Financial
New York
$1.29M
ACM
748
Andina Capital Management
Utah
$1.29M -$192K -1,846 -13%
EL
749
EWA LLC
Pennsylvania
$1.29M +$872K +8,384 +213%
CW
750
Cooksen Wealth
Texas
$1.28M +$115K +1,108 +10%

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.