iShares National Muni Bond ETF
240 hedge funds and large institutions have $2.2B invested in iShares National Muni Bond ETF in 2014 Q3 according to their latest regulatory filings, with 28 funds opening new positions, 107 increasing their positions, 66 reducing their positions, and 18 closing their positions.
62% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 66
56% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 18
30% more funds holding in top 10
Funds holding in top 10: 10 → 13 (+3)
11% more capital invested
Capital invested by funds: $1.99B → $2.2B (+$215M)
4% more funds holding
Funds holding: 230 → 240 (+10)
1.03% more ownership
Funds ownership: 54.15% → 55.19% (+1%)
96% less call options, than puts
Call options by funds: $2.63M | Put options by funds: $60.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$70M |
| 2 |
W
Wealthfront
Palo Alto,
California
|
+$41.3M |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$32.3M |
| 4 |
Creative Planning
Overland Park,
Kansas
|
+$24M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$23.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
-$20M |
| 2 |
Citigroup
New York
|
-$14.9M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$10.4M |
| 4 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
-$5.7M |
| 5 |
AAIM
American Assets Investment Management
San Diego,
California
|
-$4.86M |
MUB Hedge Fund Activity: Q3 2014 in Review
240 of the 3,446 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q3 2014, worth a combined $2.2B — up 11% from $1.99B a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new MUB positions and 18 closed out — a net gain of 10 holders — while 107 added to existing stakes and 66 trimmed.
The largest buyer was PNC Financial Services Group, adding an estimated $70M. The largest seller was BlackRock Investment Management, cutting an estimated $20M.
- 240 institutional investors held iShares National Muni Bond ETF (MUB) as of Q3 2014, up from 230 in Q2 2014.
- Funds reported $2.2B of iShares National Muni Bond ETF stock for Q3 2014, up 11% quarter-over-quarter.
- 28 funds opened new iShares National Muni Bond ETF positions in Q3 2014 and 18 closed out, a net change of +10 holders.
- The largest iShares National Muni Bond ETF buyer in Q3 2014 was PNC Financial Services Group, an estimated $70M added.
- The largest iShares National Muni Bond ETF seller in Q3 2014 was BlackRock Investment Management, an estimated $20M sold.
Based on aggregated 13F filings for Q3 2014.