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iShares National Muni Bond ETF
MUB

289 hedge funds and large institutions have $2.57B invested in iShares National Muni Bond ETF in 2014 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 117 increasing their positions, 73 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

520% more first-time investments, than exits

New positions opened: 62 | Existing positions closed: 10

60% more repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 73

38% more funds holding in top 10

Funds holding in top 10: 13 → 18 (+5)

20% more funds holding

Funds holding: 240 → 289 (+49)

17% more capital invested

Capital invested by funds: $2.2B → $2.57B (+$370M)

2.25% more ownership

Funds ownership: 55.19% → 57.43% (+2.2%)

92% less call options, than puts

Call options by funds: $1.38M | Put options by funds: $18.2M

Holders
289
Holders Change
+49
Holders Change %
+20.42%
% of All Funds
7.71%
Holding in Top 10
18
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+38.46%
% of All Funds
0.48%
New
62
Increased
117
Reduced
73
Closed
10
Calls
$1.38M
Puts
$18.2M
Net Calls
-$16.8M
Net Calls Change
+$40.7M

Top Buyers

1
PNC Financial Services Group
PNC Financial Services Group
Pennsylvania
+$35.8M
2
Creative Planning
Creative Planning
Kansas
+$29.7M
3
W
Wealthfront
California
+$29.6M
4
Bank of America
Bank of America
North Carolina
+$29.5M
5
PFG
Piershale Financial Group
Illinois
+$16M

Top Sellers

1
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$31.7M
2
Barclays
Barclays
United Kingdom
-$5.53M
3
APCM
Alaska Permanent Capital Management
Alaska
-$4.71M
4
SWP
Stratos Wealth Partners
Ohio
-$3.78M
5
DBT
Dubuque Bank & Trust
Iowa
-$3.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
M&T Bank
151
M&T Bank
New York
$940K +$186K +1,694 +25%
GJIC
152
Gamble Jones Investment Counsel
California
$924K +$2.42K +22 +0.3%
Fidelity Investments
153
Fidelity Investments
Massachusetts
$919K +$174K +1,581 +23%
CFS
154
Commonwealth Financial Services
West Virginia
$901K +$897K +8,166 New
AFG
155
Arkansas Financial Group
Arkansas
$888K +$884K +8,045 New
DSC
156
Duncker Streett & Co
Missouri
$883K -$49.5K -450 -5%
Susquehanna International Group
157
Susquehanna International Group
Pennsylvania
$864K -$31.7M -288,720 -97%
LS
158
Lattice Strategies
Pennsylvania
$840K -$262K -2,380 -24%
EFSCE
159
Enterprise Financial Services Corp (EFSC)
Missouri
$830K -$147K -1,333 -15%
EB
160
Eastern Bank
Massachusetts
$816K -$1.09M -9,889 -57%
CAPTRUST Financial Advisors
161
CAPTRUST Financial Advisors
North Carolina
$815K +$812K +7,388 New
BSWM
162
Boston Standard Wealth Management
Massachusetts
$812K +$801K +7,285 New
PMG
163
ProVise Management Group
Florida
$798K -$74.3K -676 -9%
CTB
164
Country Trust Bank
Illinois
$795K +$23.4K +213 +3%
FFS
165
Founders Financial Securities
Maryland
$778K -$2.31K -21 -0.3%
CAS
166
CTC Alternative Strategies
Illinois
$761K – – –
FC
167
Financial Consulate
Maryland
$756K +$753K +6,853 New
CA
168
Cetera Advisors
Colorado
$752K -$43.5K -396 -5%
UBS AM
169
UBS AM
Illinois
$749K – – –
NFG
170
Next Financial Group
Texas
$735K -$183K -1,664 -20%
LA
171
Leonetti & Associates
Illinois
$728K – – –
CBU
172
CIBC Bank USA
Illinois
$726K -$49.5K -450 -6%
WTC
173
WhitTier Trust Company
Nevada
$712K +$53.5K +487 +8%
PFS
174
Prospera Financial Services
Texas
$707K +$4.84K +44 +0.7%
WCF
175
West Coast Financial
California
$706K +$39.1K +356 +6%
5 6
7
8 9

MUB Hedge Fund Activity: Q4 2014 in Review

289 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q4 2014, worth a combined $2.57B — up 17% from $2.2B a quarter earlier.

Buyers outnumbered sellers: 62 funds opened new MUB positions and 10 closed out — a net gain of 52 holders — while 117 added to existing stakes and 73 trimmed.

The largest buyer was PNC Financial Services Group, adding an estimated $35.8M. The largest seller was Susquehanna International Group, cutting an estimated $31.7M.

  • 289 institutional investors held iShares National Muni Bond ETF (MUB) as of Q4 2014, up from 240 in Q3 2014.
  • Funds reported $2.57B of iShares National Muni Bond ETF stock for Q4 2014, up 17% quarter-over-quarter.
  • 62 funds opened new iShares National Muni Bond ETF positions in Q4 2014 and 10 closed out, a net change of +52 holders.
  • The largest iShares National Muni Bond ETF buyer in Q4 2014 was PNC Financial Services Group, an estimated $35.8M added.
  • The largest iShares National Muni Bond ETF seller in Q4 2014 was Susquehanna International Group, an estimated $31.7M sold.

Based on aggregated 13F filings for Q4 2014.