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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
BWM
1026
BankPlus Wealth Management
Mississippi
$569K +$10.3K +99 +2%
SC
1027
SouthState Corp
Florida
$567K +$324K +3,114 +135%
SAW
1028
Signal Advisors Wealth
Michigan
$565K -$147K -1,413 -21%
WWM
1029
Wiser Wealth Management
Georgia
$565K +$562K +5,407 New
HNWAG
1030
High Net Worth Advisory Group
Florida
$564K -$226K -2,174 -29%
TC
1031
TownSquare Capital
Utah
$562K -$26M -250,480 -98%
PCA
1032
Pallas Capital Advisors
Massachusetts
$559K -$220K -2,116 -28%
SCM
1033
Seascape Capital Management
New Hampshire
$557K -$1.49M -14,349 -73%
BFG
1034
Beacon Financial Group
Texas
$553K +$36.2K +348 +7%
RPA
1035
Rock Point Advisors
Vermont
$551K
KPWG
1036
KFA Private Wealth Group
Virginia
$544K -$39.9K -384 -7%
LF
1037
Lee Financial
Texas
$544K -$54.6K -525 -9%
TWM
1038
Tradition Wealth Management
Minnesota
$543K -$9.88K -95 -2%
BA
1039
Ballast Advisors
Minnesota
$540K
CWI
1040
Conscious Wealth Investments
Florida
$540K -$7.07K -68 -1%
AB
1041
Atlas Brown
Kentucky
$538K -$9.46K -91 -2%
ACG
1042
Allen Capital Group
Nebraska
$538K -$238K -2,291 -31%
EWA
1043
Evolution Wealth Advisors
Florida
$537K
VFPW
1044
Vantage Financial Partners (Wisconsin)
Wisconsin
$537K -$26.2K -252 -5%
LA
1045
LexAurum Advisors
Kansas
$536K +$259K +2,495 +95%
GD
1046
Grandfield & Dodd
New York
$534K
CC
1047
Copperleaf Capital
North Carolina
$531K -$21.9K -211 -4%
GAM
1048
GEM Asset Management
Michigan
$531K -$194K -1,868 -27%
IW
1049
Instrumental Wealth
Florida
$531K +$1.25K +12 +0.2%
CC
1050
Capstone Capital
Nevada
$528K -$23.9K -230 -4%

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.