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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
EWM
1101
EPG Wealth Management
Georgia
$453K -$33.9K -319 -7%
EWM
1102
Evercore Wealth Management
New York
$453K -$3.94K -37 -0.9%
BI
1103
Binnacle Investments
Iowa
$453K +$457K +4,295 New
AWM
1104
Accel Wealth Management
Iowa
$450K -$137K -1,291 -23%
DAC
1105
Dividend Assets Capital
South Carolina
$450K
CWA
1106
Crux Wealth Advisors
California
$449K +$206K +1,936 +83%
ISB
1107
Iowa State Bank
Iowa
$448K +$451K +4,245 New
AP
1108
Adero Partners
California
$447K -$9.68K -91 -2%
HA
1109
Helium Advisors
Washington
$446K +$1.7K +16 +0.4%
CWMS
1110
Cannon Wealth Management Services
North Carolina
$445K +$48.6K +457 +12%
CFS
1111
Commonwealth Financial Services
West Virginia
$443K +$106 +1 +0%
CNTOF
1112
Canandaigua National Trust of Florida
New York
$443K +$447K +4,199 New
CWM
1113
Collaborative Wealth Management
Florida
$442K +$11K +103 +3%
FPCG
1114
Forum Private Client Group
Indiana
$439K +$957 +9 +0.2%
IIC
1115
Integrated Investment Consultants
Michigan
$439K
SL
1116
SWMG LLC
Texas
$438K -$184K -1,729 -29%
LW
1117
Linscomb Wealth
Texas
$438K
MGIA
1118
Moneta Group Investment Advisors
Missouri
$435K -$144K -1,352 -25%
PWG
1119
Private Wealth Group
Florida
$431K -$106 -1 -0%
NCM
1120
NCM Capital Management
New Jersey
$428K +$2.02K +19 +0.5%
UAG
1121
United Advisor Group
Ohio
$426K +$19.4K +182 +5%
BPWM
1122
Badgley Phelps Wealth Managers
Washington
$426K +$132K +1,239 +44%
PFG
1123
PAX Financial Group
Texas
$424K +$14K +132 +3%
WJA
1124
Willis Johnson & Associates
Texas
$424K +$18.2K +171 +4%
HWMC
1125
Heritage Wealth Management (California)
California
$423K +$32.1K +302 +8%

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.