iShares National Muni Bond ETF
1,000 hedge funds and large institutions have $16B invested in iShares National Muni Bond ETF in 2021 Q1 according to their latest regulatory filings, with 81 funds opening new positions, 507 increasing their positions, 252 reducing their positions, and 68 closing their positions.
101% more repeat investments, than reductions
Existing positions increased: 507 | Existing positions reduced: 252
87% more capital inflows, than outflows
Capital inflows: $1.39B | Capital outflows: $741M
19% more first-time investments, than exits
New positions opened: 81 | Existing positions closed: 68
1% more funds holding
Funds holding: 993 → 1,000 (+7)
0.13% less ownership
Funds ownership: 75.23% → 75.1% (-0.13%)
16% less funds holding in top 10
Funds holding in top 10: 100 → 84 (-16)
49% less call options, than puts
Call options by funds: $5.37M | Put options by funds: $10.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$172M |
| 2 |
Betterment LLC
New York
|
+$129M |
| 3 |
Bank of New York Mellon
New York
|
+$52.7M |
| 4 |
TIAA FSB
Jacksonville,
Florida
|
+$45.4M |
| 5 |
Morgan Stanley
New York
|
+$44.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$112M |
| 2 |
Grimes & Company
Westborough,
Massachusetts
|
-$54.6M |
| 3 |
JP Morgan Chase
New York
|
-$49.8M |
| 4 |
Simplicity Solutions
Minneapolis,
Minnesota
|
-$38.7M |
| 5 |
Capital Investment Advisory Services
Raleigh,
North Carolina
|
-$23.8M |
MUB Hedge Fund Activity: Q1 2021 in Review
1,000 of the 5,714 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2021, worth a combined $16B — up 3.1% from $15.5B a quarter earlier.
Buyers outnumbered sellers: 81 funds opened new MUB positions and 68 closed out — a net gain of 13 holders — while 507 added to existing stakes and 252 trimmed.
The largest buyer was Envestnet Asset Management, adding an estimated $172M. The largest seller was Qube Research & Technologies (QRT), cutting an estimated $112M.
- 1,000 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2021, up from 993 in Q4 2020.
- Funds reported $16B of iShares National Muni Bond ETF stock for Q1 2021, up 3.1% quarter-over-quarter.
- 81 funds opened new iShares National Muni Bond ETF positions in Q1 2021 and 68 closed out, a net change of +13 holders.
- The largest iShares National Muni Bond ETF buyer in Q1 2021 was Envestnet Asset Management, an estimated $172M added.
- The largest iShares National Muni Bond ETF seller in Q1 2021 was Qube Research & Technologies (QRT), an estimated $112M sold.
Based on aggregated 13F filings for Q1 2021.