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iShares National Muni Bond ETF

1,498 hedge funds and large institutions have $35.3B invested in iShares National Muni Bond ETF in 2025 Q1 according to their latest regulatory filings, with 120 funds opening new positions, 587 increasing their positions, 608 reducing their positions, and 115 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more first-time investments, than exits

New positions opened: 120 | Existing positions closed: 115

0.44% less ownership

Funds ownership: 89.52%89.08% (-0.44%)

3% less repeat investments, than reductions

Existing positions increased: 587 | Existing positions reduced: 608

2% less funds holding

Funds holding: 1,5231,498 (-25)

3% less funds holding in top 10

Funds holding in top 10: 121117 (-4)

5% less capital invested

Capital invested by funds: $37.3B → $35.3B (-$1.91B)

79% less call options, than puts

Call options by funds: $99.1M | Put options by funds: $467M

Holders
1,498
Holders Change
-25
Holders Change %
-1.64%
% of All Funds
20.08%
Holding in Top 10
117
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-3.31%
% of All Funds
1.57%
New
120
Increased
587
Reduced
608
Closed
115
Calls
$99.1M
Puts
$467M
Net Calls
-$368M
Net Calls Change
-$298M
Name Holding Trade Value Shares
Change
Change in
Stake
MBFW
151
Morton Brown Family Wealth
Pennsylvania
$22.3M +$1.25M +11,748 +6%
Prudential Financial
152
Prudential Financial
New Jersey
$22.1M -$5.51M -51,775 -20%
AC
153
Apella Capital
Connecticut
$22.1M -$3.13M -29,423 -12%
AC
154
Asio Capital
Kentucky
$22M -$284K -2,670 -1%
RW
155
Regimen Wealth
Georgia
$21.8M +$550K +5,172 +3%
VC
156
Vicus Capital
Pennsylvania
$21.8M -$84K -790 -0.4%
HI
157
Harper Investing
California
$21.8M +$1.51M +14,212 +7%
CSWG
158
Cardinal Strategic Wealth Guidance
Kentucky
$21.8M +$210K +1,973 +1%
APW
159
Austin Private Wealth
Texas
$21.7M -$11.3M -106,629 -34%
KAS
160
Kestra Advisory Services
Texas
$21.5M -$2.54M -23,924 -11%
WB
161
WesBanco Bank
West Virginia
$21.1M +$446K +4,196 +2%
AIA
162
Ally Invest Advisors
North Carolina
$21.1M +$530K +4,983 +3%
MWP
163
Meridian Wealth Partners
Pennsylvania
$21M -$2.21M -20,823 -9%
RFA
164
RTD Financial Advisors
Pennsylvania
$21M +$477K +4,483 +2%
AWM
165
Avior Wealth Management
Nebraska
$20.9M +$841K +7,910 +4%
AWM
166
Axxcess Wealth Management
California
$20.8M -$274K -2,573 -1%
UW
167
Unique Wealth
Florida
$20.7M +$1.7M +15,972 +9%
SPIA
168
Steward Partners Investment Advisory
New York
$20.7M +$219K +2,056 +1%
SC
169
Slow Capital
California
$20.3M +$274K +2,574 +1%
QWP
170
Quotient Wealth Partners
Texas
$20.2M -$911K -8,569 -4%
AWM
171
Apollon Wealth Management
South Carolina
$20.1M +$4.6M +43,250 +29%
ANTB
172
AMG National Trust Bank
Colorado
$19.8M -$581K -5,467 -3%
BSWM
173
Boston Standard Wealth Management
Massachusetts
$19.8M -$2.63M -24,709 -12%
SCM
174
SCS Capital Management
Massachusetts
$19.6M +$19.8M +186,183 New
MG
175
Mather Group
Illinois
$19.5M -$1.65M -15,494 -8%

MUB Hedge Fund Activity: Q1 2025 in Review

1,498 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2025, worth a combined $35.3B — down 5.1% from $37.3B a quarter earlier.

Buyers outnumbered sellers: 120 funds opened new MUB positions and 115 closed out — a net gain of 5 holders — while 587 added to existing stakes and 608 trimmed.

The largest buyer was D.E. Shaw & Co, adding an estimated $196M. The largest seller was Bank of America, cutting an estimated $217M.

  • 1,498 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2025, down from 1,523 in Q4 2024.
  • Funds reported $35.3B of iShares National Muni Bond ETF stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 120 funds opened new iShares National Muni Bond ETF positions in Q1 2025 and 115 closed out, a net change of +5 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2025 was D.E. Shaw & Co, an estimated $196M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2025 was Bank of America, an estimated $217M sold.

Based on aggregated 13F filings for Q1 2025.