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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
EWM
751
Elmwood Wealth Management
California
$1.28M
HWA
752
Heartwood Wealth Advisors
Virginia
$1.28M -$172K -1,656 -12%
CWA
753
Consilio Wealth Advisors
Washington
$1.27M -$283K -2,721 -18%
MWM
754
Meridian Wealth Management
Kentucky
$1.27M -$244K -2,350 -16%
SVWG
755
Shared Vision Wealth Group
United States
$1.27M +$422K +4,061 +50%
TIM
756
Tortoise Investment Management
New York
$1.27M -$178K -1,711 -12%
KWA
757
Kingswood Wealth Advisors
California
$1.26M +$336K +3,234 +37%
VA
758
VestGen Advisors
Illinois
$1.26M +$351K +3,372 +39%
PWAM
759
Private Wealth Asset Management
Iowa
$1.26M +$197K +1,897 +19%
BSTWA
760
Blake Schutter Theil Wealth Advisors
Ohio
$1.25M +$31.4K +302 +3%
BF
761
Brucke Financial
Indiana
$1.25M +$86.8K +835 +8%
TTWM
762
TCV Trust & Wealth Management
Virginia
$1.25M +$143K +1,372 +13%
AF
763
Apexium Financial
Texas
$1.24M +$102K +984 +9%
GPW
764
Gray Private Wealth
Massachusetts
$1.24M +$211K +2,031 +21%
Koshinski Asset Management
765
Koshinski Asset Management
Illinois
$1.23M +$78.4K +754 +7%
HWMG
766
Hurlow Wealth Management Group
Indiana
$1.23M
BFG
767
Birch Financial Group
New Hampshire
$1.23M +$347K +3,340 +40%
ACS
768
Archford Capital Strategies
Illinois
$1.22M -$43.7K -420 -3%
MPWT
769
MassMutual Private Wealth & Trust
Connecticut
$1.22M -$21.3K -205 -2%
KFP
770
KMG Fiduciary Partners
Ohio
$1.22M +$5.93K +57 +0.5%
AWMM
771
Aegis Wealth Management (Maryland)
Maryland
$1.22M
HP
772
Haven Private
Florida
$1.22M -$12K -115 -1%
RFP
773
RCS Financial Planning
Maryland
$1.21M -$3.08M -29,637 -72%
Millennium Management
774
Millennium Management
New York
$1.21M -$644K -6,195 -35%
WWM
775
Western Wealth Management
Colorado
$1.21M -$115K -1,103 -9%

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.