iShares National Muni Bond ETF
230 hedge funds and large institutions have $1.99B invested in iShares National Muni Bond ETF in 2014 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 97 increasing their positions, 68 reducing their positions, and 16 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 97 | Existing positions reduced: 68
15% more capital invested
Capital invested by funds: $1.73B → $1.99B (+$260M)
1.92% more ownership
Funds ownership: 52.24% → 54.15% (+1.9%)
1% less funds holding
Funds holding: 233 → 230 (-3)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
19% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 16
96% less call options, than puts
Call options by funds: $1.98M | Put options by funds: $49.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
W
Wealthfront
Palo Alto,
California
|
+$38.8M |
| 2 |
PAG
Pinnacle Advisory Group
Columbia,
Maryland
|
+$23.4M |
| 3 |
BIM
BlackRock Investment Management
Wilmington,
Delaware
|
+$22.3M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$19.8M |
| 5 |
U
UBS
Zurich,
Switzerland
|
+$13.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EB
Eastern Bank
Boston,
Massachusetts
|
-$18.5M |
| 2 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
-$6.82M |
| 3 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$5.84M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
-$4.96M |
| 5 |
US Bancorp
Minneapolis,
Minnesota
|
-$4.21M |
MUB Hedge Fund Activity: Q2 2014 in Review
230 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q2 2014, worth a combined $1.99B — up 15% from $1.73B a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of MUB and 13 opened new positions — a net loss of 3 holders — while 68 trimmed existing stakes and 97 added.
The largest buyer was Wealthfront, adding an estimated $38.8M. The largest seller was Eastern Bank, cutting an estimated $18.5M.
- 230 institutional investors held iShares National Muni Bond ETF (MUB) as of Q2 2014, down from 233 in Q1 2014.
- Funds reported $1.99B of iShares National Muni Bond ETF stock for Q2 2014, up 15% quarter-over-quarter.
- 13 funds opened new iShares National Muni Bond ETF positions in Q2 2014 and 16 closed out, a net change of -3 holders.
- The largest iShares National Muni Bond ETF buyer in Q2 2014 was Wealthfront, an estimated $38.8M added.
- The largest iShares National Muni Bond ETF seller in Q2 2014 was Eastern Bank, an estimated $18.5M sold.
Based on aggregated 13F filings for Q2 2014.