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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
AGWCA
1451
Annis Gardner Whiting Capital Advisors
Florida
$44.4K
EWM
1452
Evolution Wealth Management
Florida
$43.8K +$43.6K +419 New
HAP
1453
Harbor Asset Planning
Massachusetts
$42.8K +$42.5K +409 New
STB
1454
S&T Bank
Pennsylvania
$41.9K
VWWMG
1455
Vermillion & White Wealth Management Group
Pennsylvania
$41.8K
NRG
1456
Nemes Rush Group
Michigan
$41.5K
HIA
1457
HFM Investment Advisors
New Jersey
$41.1K +$4.68K +45 +13%
IF
1458
Integrity Financial
Wyoming
$37.4K
RCM
1459
Raleigh Capital Management
North Carolina
$36.2K +$312 +3 +0.9%
LFA
1460
LGT Financial Advisors
Texas
$35.8K +$7.59K +73 +27%
RFA
1461
Register Financial Advisors
Georgia
$35.1K
DIP
1462
DT Investment Partners
Pennsylvania
$33.9K +$4.16K +40 +14%
TIM
1463
Total Investment Management
Arizona
$33.4K +$33.3K +320 New
CSB
1464
City State Bank
Iowa
$33.2K
TSMHT
1465
Thurston Springer Miller Herd & Titak
Indiana
$32.7K
CB
1466
CNB Bank
Pennsylvania
$31.3K
National Bank of Canada
1467
National Bank of Canada
Quebec, Canada
$27.9K -$4.05K -39 -13%
FNWA
1468
Financial Network Wealth Advisors
Utah
$26.4K
HCM
1469
Hollencrest Capital Management
California
$26.4K +$26.3K +253 New
ACA
1470
American Capital Advisory
Idaho
$26.1K
FFA
1471
Founders Financial Alliance
North Carolina
$25.8K -$52.2K -502 -67%
TFA
1472
Toth Financial Advisory
Virginia
$24.7K -$10.1K -97 -29%
NEWAS
1473
N.E.W. Advisory Services
Wisconsin
$24.7K -$24.5K -236 -50%
PCA
1474
Providence Capital Advisors
North Carolina
$24.6K +$24.4K +235 New
KFI
1475
Key Financial Inc
Pennsylvania
$24.4K -$52K -500 -68%

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.