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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
HA
1176
Helium Advisors
Washington
$373K -$69.1K -665 -16%
PWG
1177
Private Wealth Group
Florida
$372K -$54.2K -521 -13%
EIG
1178
Ellenbecker Investment Group
Wisconsin
$371K +$2.5K +24 +0.7%
RZH
1179
Relyea Zuckerberg Hanson
Connecticut
$371K
OCM
1180
Objective Capital Management
Ohio
$371K +$20.8K +200 +6%
HWA
1181
Hilltop Wealth Advisors
North Carolina
$368K -$80.9K -778 -18%
CFFP
1182
Center for Financial Planning
Michigan
$368K -$146K -1,400 -28%
RWM
1183
Reston Wealth Management
Virginia
$368K -$1.31M -12,606 -78%
WH
1184
Whitcomb & Hess
Ohio
$368K -$208 -2 -0.1%
AAS
1185
Ameritas Advisory Services
Nebraska
$367K -$182K -1,753 -33%
CPRC
1186
Consolidated Portfolio Review Corp
New York
$366K +$364K +3,503 New
HW
1187
HORAN Wealth
Ohio
$366K +$364K +3,501 New
CWM
1188
Chemistry Wealth Management
New York
$365K
CSIC
1189
Clifford Swan Investment Counsel
California
$364K +$362K +3,481 New
AWM
1190
Accel Wealth Management
Iowa
$361K -$84.5K -813 -19%
LWA
1191
Lifelong Wealth Advisors
Minnesota
$361K +$359K +3,454 New
PCH
1192
PGIM Custom Harvest
New Jersey
$361K -$229K -2,203 -39%
CKAIS
1193
Christensen King & Associates Investment Services
Washington
$360K -$31.2K -300 -8%
EA
1194
Efficient Advisors
Ohio
$360K -$513K -4,936 -59%
NCM
1195
Northland Capital Management
Minnesota
$359K -$10.4K -100 -3%
FYW
1196
Future You Wealth
New York
$359K -$29.2K -281 -8%
MWA
1197
Merkkuri Wealth Advisors
New York
$359K -$260K -2,503 -42%
TL
1198
Tradewinds LLC
North Carolina
$359K +$357K +3,433 New
LIG
1199
Lokken Investment Group
Delaware
$358K -$59.9K -576 -14%
KFG
1200
Kropog Financial Group
Louisiana
$357K +$1.14K +11 +0.3%

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.