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.
118% more first-time investments, than exits
New positions opened: 48 | Existing positions closed: 22
9% more funds holding
Funds holding: 218 → 238 (+20)
9% more funds holding in top 10
Funds holding in top 10: 11 → 12 (+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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSIA
Charles Schwab Investment Advisory
San Francisco,
California
|
+$59.5M |
| 2 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
+$30.7M |
| 3 |
Citigroup
New York
|
+$16M |
| 4 |
US Bancorp
Minneapolis,
Minnesota
|
+$12M |
| 5 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$9.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$66M |
| 2 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
-$29.2M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
-$25.5M |
| 4 |
LPL Financial
San Diego,
California
|
-$18M |
| 5 |
B
Bailard
Foster City,
California
|
-$14.3M |
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.