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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
GWMIA
901
Global Wealth Management Investment Advisory
Florida
$989K +$50.4K +471 +5%
HIG
902
Heritage Investment Group
Florida
$987K
CWM
903
Curtis Wealth Management
Nevada
$983K +$977K +9,126 New
TA
904
TFB Advisors
Kansas
$970K +$4.71K +44 +0.5%
IFPL
905
Investments & Financial Planning LLC
Kentucky
$951K +$46K +430 +5%
CFG
906
Cornerstone Financial Group
Nebraska
$946K +$192K +1,793 +25%
CBT
907
Crews Bank & Trust
Florida
$945K +$13.4K +125 +1%
MPWT
908
MassMutual Private Wealth & Trust
Connecticut
$944K +$58.9K +550 +7%
TWM
909
TSA Wealth Management
Texas
$932K +$173K +1,618 +23%
DWM
910
DecisionMap Wealth Management
Virginia
$932K -$24.3K -227 -3%
TIM
911
Tortoise Investment Management
New York
$928K -$277K -2,588 -23%
WWA
912
Wingate Wealth Advisors
Massachusetts
$927K +$5.03K +47 +0.5%
ISFAN
913
Investor's Fiduciary Advisor Network
Washington
$924K +$1.71K +16 +0.2%
SIA
914
Spectrum Investment Advisors
Wisconsin
$920K +$23.1K +216 +3%
BFA
915
Brown Financial Advisors
Ohio
$919K +$174K +1,623 +23%
FNB
916
Farmers National Bank
Kentucky
$916K +$352K +3,291 +63%
GWM
917
Gibbs Wealth Management
Georgia
$913K +$14.3K +134 +2%
EF
918
Envision Financial
Wisconsin
$909K +$2.78K +26 +0.3%
LS
919
LCW Services
Virginia
$905K +$905K +8,451 New
LPAM
920
Lodestar Private Asset Management
California
$904K -$36.1K -337 -4%
SIA
921
Strategic Investment Advisors
Michigan
$901K +$420K +3,920 +87%
CA
922
CoreCap Advisors
Michigan
$899K -$251K -2,346 -22%
KFS
923
Kelly Financial Services
Massachusetts
$899K +$54K +504 +6%
HW
924
HORAN Wealth
Ohio
$897K +$146K +1,368 +20%
RC
925
Roundview Capital
New Jersey
$893K -$57.5K -537 -6%