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iShares National Muni Bond ETF

238 hedge funds and large institutions have $1.7B invested in iShares National Muni Bond ETF in 2013 Q4 according to their latest regulatory filings, with 48 funds opening new positions, 75 increasing their positions, 90 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

118% more first-time investments, than exits

New positions opened: 48 | Existing positions closed: 22

9% more funds holding

Funds holding: 218238 (+20)

9% more funds holding in top 10

Funds holding in top 10: 1112 (+1)

1% more capital invested

Capital invested by funds: $1.69B → $1.7B (+$15.5M)

0.59% less ownership

Funds ownership: 52.81%52.22% (-0.59%)

17% less repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 90

78% less call options, than puts

Call options by funds: $2.38M | Put options by funds: $10.6M

Holders
238
Holders Change
+20
Holders Change %
+9.17%
% of All Funds
6.91%
Holding in Top 10
12
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+9.09%
% of All Funds
0.35%
New
48
Increased
75
Reduced
90
Closed
22
Calls
$2.38M
Puts
$10.6M
Net Calls
-$8.27M
Net Calls Change
-$2.83M
Name Holding Trade Value Shares
Change
Change in
Stake
William Blair & Company
126
William Blair & Company
Illinois
$1.01M -$960K -9,200 -49%
Thrivent Financial for Lutherans
127
Thrivent Financial for Lutherans
Minnesota
$1M -$594K -5,694 -37%
1GA
128
1st Global Advisors
Texas
$1M +$790K +7,575 +367%
FHA
129
First Horizon Advisors
Tennessee
$997K +$1M +9,613 New
WTC
130
WhitTier Trust Company
Nevada
$964K +$133K +1,275 +16%
FBFS
131
First Business Financial Services
Wisconsin
$954K -$4.06M -38,925 -81%
LTFS
132
Ladenburg Thalmann Financial Services
Florida
$947K +$72.9K +699 +8%
MA
133
MUFG Americas
New York
$917K -$47.5K -455 -5%
HI
134
Horizon Investments
North Carolina
$912K +$449K +4,301 +96%
NIA
135
Northstar Investment Advisors
Colorado
$879K +$92.8K +890 +12%
VCM
136
Vigilant Capital Management
Maine
$872K +$276K +2,650 +46%
TFA
137
Transamerica Financial Advisors
Florida
$863K +$508K +4,867 +141%
AW
138
Alpha Windward
Massachusetts
$850K +$61K +585 +8%
Comerica Bank
139
Comerica Bank
Texas
$827K -$1.77M -16,968 -68%
EFSCE
140
Enterprise Financial Services Corp (EFSC)
Missouri
$766K -$344K -3,296 -31%
NCM
141
Newgate Capital Management
Connecticut
$730K +$463K +4,441 +171%
CAS
142
CTC Alternative Strategies
Illinois
$715K
AT
143
Arden Trust
Delaware
$711K +$55.4K +531 +8%
Kayne Anderson Rudnick Investment Management
144
Kayne Anderson Rudnick Investment Management
California
$693K -$140K -1,345 -17%
LA
145
Leonetti & Associates
Illinois
$685K +$229K +2,200 +50%
CIM
146
Confluence Investment Management
Missouri
$680K +$156K +1,497 +30%
CAL
147
Capital Advisors Ltd
Ohio
$672K +$676K +6,477 New
ClearBridge Investments
148
ClearBridge Investments
New York
$647K -$2.82K -27 -0.4%
AAS
149
Annex Advisory Services
Wisconsin
$596K -$211K -2,023 -26%
FFS
150
Founders Financial Securities
Maryland
$580K +$584K +5,595 New

MUB Hedge Fund Activity: Q4 2013 in Review

238 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q4 2013, worth a combined $1.7B — up 0.92% from $1.69B a quarter earlier.

Buyers outnumbered sellers: 48 funds opened new MUB positions and 22 closed out — a net gain of 26 holders — while 75 added to existing stakes and 90 trimmed.

The largest buyer was Charles Schwab Investment Advisory, opening a new position worth an estimated $59.5M. The largest seller was Wells Fargo, cutting an estimated $66M.

  • 238 institutional investors held iShares National Muni Bond ETF (MUB) as of Q4 2013, up from 218 in Q3 2013.
  • Funds reported $1.7B of iShares National Muni Bond ETF stock for Q4 2013, up 0.92% quarter-over-quarter.
  • 48 funds opened new iShares National Muni Bond ETF positions in Q4 2013 and 22 closed out, a net change of +26 holders.
  • The largest iShares National Muni Bond ETF buyer in Q4 2013 was Charles Schwab Investment Advisory, an estimated $59.5M added.
  • The largest iShares National Muni Bond ETF seller in Q4 2013 was Wells Fargo, an estimated $66M sold.

Based on aggregated 13F filings for Q4 2013.