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iShares National Muni Bond ETF

1,627 hedge funds and large institutions have $36.1B invested in iShares National Muni Bond ETF in 2025 Q4 according to their latest regulatory filings, with 219 funds opening new positions, 772 increasing their positions, 450 reducing their positions, and 91 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more first-time investments, than exits

New positions opened: 219 | Existing positions closed: 91

72% more repeat investments, than reductions

Existing positions increased: 772 | Existing positions reduced: 450

6% more funds holding

Funds holding: 1,5351,627 (+92)

5% more capital invested

Capital invested by funds: $34.3B → $36.1B (+$1.86B)

5% more funds holding in top 10

Funds holding in top 10: 95100 (+5)

1.18% more ownership

Funds ownership: 85.71%86.89% (+1.2%)

6% less call options, than puts

Call options by funds: $266M | Put options by funds: $284M

Holders
1,627
Holders Change
+92
Holders Change %
+5.99%
% of All Funds
19.79%
Holding in Top 10
100
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+5.26%
% of All Funds
1.22%
New
219
Increased
772
Reduced
450
Closed
91
Calls
$266M
Puts
$284M
Net Calls
-$17.5M
Net Calls Change
-$197M
Name Holding Trade Value Shares
Change
Change in
Stake
PWA
851
Physician Wealth Advisors
Utah
$1.12M +$36.7K +343 +3%
FNWM
852
Financial Network Wealth Management
Utah
$1.12M
NIWA
853
New Insight Wealth Advisors
California
$1.11M -$13.8K -129 -1%
OFS
854
Orrstown Financial Services
Pennsylvania
$1.11M +$277K +2,589 +33%
BW
855
Balance Wealth
Ohio
$1.11M +$45.2K +422 +4%
LWL
856
Leo Wealth LLC
Texas
$1.11M +$1.11M +10,343 New
VCA
857
Verdence Capital Advisors
Maryland
$1.11M +$25.7K +240 +2%
XT
858
XTX Topco
Cayman Islands
$1.1M -$16.5K -154 -1%
TWCA
859
Two West Capital Advisors
Kansas
$1.1M +$34.2K +319 +3%
BRWA
860
B. Riley Wealth Advisors
Florida
$1.1M +$154K +1,435 +16%
SWGC
861
Summit Wealth Group (Colorado)
Colorado
$1.1M +$1.1M +10,239 New
DC
862
Davenport & Co
Virginia
$1.09M +$114K +1,064 +12%
SWP
863
SIMA Wealth Partners
Virginia
$1.09M
AF
864
Arrow Financial
New York
$1.09M
BBHC
865
Brown Brothers Harriman & Co
New York
$1.08M +$3.85K +36 +0.4%
BDFN
866
Bond & Devick Financial Network
Minnesota
$1.08M +$114K +1,069 +12%
AWM
867
Aries Wealth Management
Maine
$1.08M +$546K +5,100 +102%
TC
868
Town Capital
Maryland
$1.08M +$1.08M +10,078 New
EPW
869
Evolve Private Wealth
California
$1.08M +$1.08M +10,077 New
FGWP
870
Founders Grove Wealth Partners
Virginia
$1.08M +$128K +1,191 +13%
CFG
871
Carr Financial Group
Massachusetts
$1.07M
JBW
872
Journey Beyond Wealth
Georgia
$1.07M
SFG
873
Sowa Financial Group
Rhode Island
$1.07M +$1.07M +10,003 New
CF
874
Cyr Financial
Illinois
$1.07M +$39.3K +367 +4%
BSB
875
Bangor Savings Bank
Maine
$1.07M +$15K +140 +1%