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iShares National Muni Bond ETF

1,498 hedge funds and large institutions have $35.3B invested in iShares National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 587 increasing their positions, 608 reducing their positions, and 115 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 115

0.44% less ownership

Funds ownership: 89.52%89.08% (-0.44%)

3% less repeat investments, than reductions

Existing positions increased: 587 | Existing positions reduced: 608

2% less funds holding

Funds holding: 1,5231,498 (-25)

3% less funds holding in top 10

Funds holding in top 10: 121117 (-4)

5% less capital invested

Capital invested by funds: $37.3B → $35.3B (-$1.91B)

79% less call options, than puts

Call options by funds: $99.1M | Put options by funds: $467M

Holders
1,498
Holders Change
-25
Holders Change %
-1.64%
% of All Funds
20.08%
Holding in Top 10
117
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-3.31%
% of All Funds
1.57%
New
120
Increased
587
Reduced
608
Closed
115
Calls
$99.1M
Puts
$467M
Net Calls
-$368M
Net Calls Change
-$298M
Name Holding Trade Value Shares
Change
Change in
Stake
HNWAG
901
High Net Worth Advisory Group
Florida
$799K +$43.9K +413 +6%
SPWG
902
Syntegra Private Wealth Group
Missouri
$793K -$240K -2,253 -23%
First Trust Advisors
903
First Trust Advisors
Illinois
$792K -$28.9K -272 -3%
PCA
904
Pallas Capital Advisors
Massachusetts
$787K +$15.6K +147 +2%
CA
905
Continuum Advisory
Idaho
$787K +$2.55K +24 +0.3%
PWM
906
PBMares Wealth Management
Virginia
$785K +$4.04K +38 +0.5%
ACG
907
Allen Capital Group
Nebraska
$784K -$71.6K -673 -8%
CCB
908
Country Club Bank
Missouri
$784K
PI
909
PFG Investments
New York
$781K -$11K -103 -1%
AWMS
910
Advocacy Wealth Management Services
Georgia
$780K
FW
911
Fairway Wealth
Ohio
$780K +$198K +1,864 +34%
SRB
912
Shotwell Rutter Baer
Michigan
$778K -$22.4K -211 -3%
LSA
913
Lion Street Advisors
Texas
$773K -$60.5K -569 -7%
IFPL
914
Investments & Financial Planning LLC
Kentucky
$771K +$68.2K +641 +10%
CFP
915
Cypress Financial Planning
New Jersey
$765K +$76.8K +722 +11%
SIC
916
Sigma Investment Counselors
Michigan
$765K -$12.2K -115 -2%
PAA
917
Peregrine Asset Advisers
Oregon
$764K -$8.51K -80 -1%
WAAG
918
Wealth Alliance Advisory Group
Kansas
$764K
FA
919
FF Advisors
California
$763K -$19.6K -184 -2%
PWA
920
Physician Wealth Advisors
Utah
$763K -$105K -984 -12%
EFM
921
Eley Financial Management
Vermont
$762K -$40K -376 -5%
AWS
922
Aspen Wealth Strategies
Colorado
$761K -$79.1K -744 -9%
KNFPWM
923
Keeler & Nadler Financial Planning & Wealth Management
Ohio
$759K +$118K +1,108 +18%
ZBNA
924
Zions Bancorporation, National Association
Utah
$754K +$761K +7,151 New
DCM
925
Donaldson Capital Management
Indiana
$752K -$174K -1,637 -19%

MUB Hedge Fund Activity: Q1 2025 in Review

1,498 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2025, worth a combined $35.3B — down 5.1% from $37.3B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 115 closed out — a net gain of 5 holders — while 587 added to existing stakes and 608 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $196M. The largest seller was Bank of America, cutting an estimated $217M.

  • 1,498 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2025, down from 1,523 in Q4 2024.
  • Funds reported $35.3B of iShares National Muni Bond ETF stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2025 and 115 closed out, a net change of +5 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2025 was D.E. Shaw & Co, an estimated $196M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2025 was Bank of America, an estimated $217M sold.

Based on aggregated 13F filings for Q1 2025.