iShares National Muni Bond ETF
504 hedge funds and large institutions have $6.39B invested in iShares National Muni Bond ETF in 2018 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 204 increasing their positions, 180 reducing their positions, and 60 closing their positions.
13% more repeat investments, than reductions
Existing positions increased: 204 | Existing positions reduced: 180
3% more funds holding in top 10
Funds holding in top 10: 36 → 37 (+1)
0.27% less ownership
Funds ownership: 69.19% → 68.92% (-0.27%)
4% less capital invested
Capital invested by funds: $6.63B → $6.39B (-$239M)
4% less funds holding
Funds holding: 524 → 504 (-20)
27% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 60
59% less call options, than puts
Call options by funds: $959K | Put options by funds: $2.32M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SEI Investments
Oaks,
Pennsylvania
|
+$84.2M |
| 2 |
TC
Trust Company
Manhattan,
Kansas
|
+$31.1M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$23.2M |
| 4 |
Fisher Asset Management
Camas,
Washington
|
+$23M |
| 5 |
Betterment LLC
New York
|
+$21.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
W
Wealthfront
Palo Alto,
California
|
-$115M |
| 2 |
JP Morgan Chase
New York
|
-$64M |
| 3 |
Goldman Sachs
New York
|
-$35.2M |
| 4 |
Morgan Stanley
New York
|
-$26.7M |
| 5 |
Bank of New York Mellon
New York
|
-$25.2M |
MUB Hedge Fund Activity: Q1 2018 in Review
504 of the 4,373 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2018, worth a combined $6.39B — down 3.6% from $6.63B a quarter earlier.
Sellers outnumbered buyers: 60 funds closed out of MUB and 44 opened new positions — a net loss of 16 holders — while 180 trimmed existing stakes and 204 added.
The largest buyer was SEI Investments, adding an estimated $84.2M. The largest seller was Wealthfront, cutting an estimated $115M.
- 504 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2018, down from 524 in Q4 2017.
- Funds reported $6.39B of iShares National Muni Bond ETF stock for Q1 2018, down 3.6% quarter-over-quarter.
- 44 funds opened new iShares National Muni Bond ETF positions in Q1 2018 and 60 closed out, a net change of -16 holders.
- The largest iShares National Muni Bond ETF buyer in Q1 2018 was SEI Investments, an estimated $84.2M added.
- The largest iShares National Muni Bond ETF seller in Q1 2018 was Wealthfront, an estimated $115M sold.
Based on aggregated 13F filings for Q1 2018.