iShares National Muni Bond ETF
MUB
817 hedge funds and large institutions have $10.9B invested in iShares National Muni Bond ETF in 2020 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 333 increasing their positions, 264 reducing their positions, and 71 closing their positions.
44% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 71
34% more funds holding in top 10
Funds holding in top 10: 65 → 87 (+22)
26% more repeat investments, than reductions
Existing positions increased: 333 | Existing positions reduced: 264
2% more funds holding
Funds holding: 800 → 817 (+17)
3% less capital invested
Capital invested by funds: $11.2B → $10.9B (-$332M)
1.71% less ownership
Funds ownership: 72.37% → 70.66% (-1.7%)
53% less call options, than puts
Call options by funds: $11M | Put options by funds: $23.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Charles Schwab
San Francisco,
California
|
+$480M |
| 2 |
JP Morgan Chase
New York
|
+$113M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$71.1M |
| 4 |
Morgan Stanley
New York
|
+$70.1M |
| 5 |
SPC
Silver Point Capital
Greenwich,
Connecticut
|
+$47.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$505M |
| 2 |
Betterment LLC
New York
|
-$195M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$163M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
-$98.8M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$40.6M |
MUB Hedge Fund Activity: Q1 2020 in Review
817 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2020, worth a combined $10.9B — down 3% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 102 funds opened new MUB positions and 71 closed out — a net gain of 31 holders — while 333 added to existing stakes and 264 trimmed.
The largest buyer was Charles Schwab, opening a new position worth an estimated $480M. The largest seller was BlackRock, cutting an estimated $505M.
- 817 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2020, up from 800 in Q4 2019.
- Funds reported $10.9B of iShares National Muni Bond ETF stock for Q1 2020, down 3% quarter-over-quarter.
- 102 funds opened new iShares National Muni Bond ETF positions in Q1 2020 and 71 closed out, a net change of +31 holders.
- The largest iShares National Muni Bond ETF buyer in Q1 2020 was Charles Schwab, an estimated $480M added.
- The largest iShares National Muni Bond ETF seller in Q1 2020 was BlackRock, an estimated $505M sold.
Based on aggregated 13F filings for Q1 2020.