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iShares National Muni Bond ETF

1,205 hedge funds and large institutions have $26.7B invested in iShares National Muni Bond ETF in 2023 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 522 increasing their positions, 424 reducing their positions, and 82 closing their positions.

New
Increased
Maintained
Reduced
Closed

37% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 82

23% more repeat investments, than reductions

Existing positions increased: 522 | Existing positions reduced: 424

0.95% more ownership

Funds ownership: 82.96%83.91% (+0.95%)

0% more funds holding

Funds holding: 1,2051,205 (0)

5% less capital invested

Capital invested by funds: $28.1B → $26.7B (-$1.34B)

5% less funds holding in top 10

Funds holding in top 10: 124118 (-6)

20% less call options, than puts

Call options by funds: $1.94M | Put options by funds: $2.44M

Holders
1,205
Holders Change
Holders Change %
0%
% of All Funds
19.2%
Holding in Top 10
118
Holding in Top 10 Change
-6
Holding in Top 10 Change %
-4.84%
% of All Funds
1.88%
New
112
Increased
522
Reduced
424
Closed
82
Calls
$1.94M
Puts
$2.44M
Net Calls
-$497K
Net Calls Change
+$2.52M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$2.6B -$577M -5,399,280 -18%
Bank of America
2
Bank of America
North Carolina
$2.22B -$330M -3,084,418 -13%
Envestnet Asset Management
3
Envestnet Asset Management
Illinois
$1.92B +$418M +3,914,135 +28%
Bank of New York Mellon
4
Bank of New York Mellon
New York
$1.13B -$17.2M -161,101 -2%
Creative Planning
5
Creative Planning
Kansas
$1.08B +$822K +7,688 +0.1%
Betterment LLC
6
Betterment LLC
New York
$1.05B +$8.77M +82,033 +0.8%
JP Morgan Chase
7
JP Morgan Chase
New York
$821M -$70.7M -661,609 -8%
Wells Fargo
8
Wells Fargo
California
$744M +$52.7M +492,807 +8%
US Bancorp
9
US Bancorp
Minnesota
$676M +$58.5M +547,060 +10%
Morgan Stanley
10
Morgan Stanley
New York
$610M -$71.1M -665,125 -11%
PNC Financial Services Group
11
PNC Financial Services Group
Pennsylvania
$590M -$42.8M -400,697 -7%
CSIA
12
Charles Schwab Investment Advisory
California
$561M +$545K +5,098 +0.1%
Northwestern Mutual Wealth Management
13
Northwestern Mutual Wealth Management
Wisconsin
$549M -$27.6M -257,998 -5%
LPL Financial
14
LPL Financial
California
$468M +$56.6M +529,537 +14%
SEI Investments
15
SEI Investments
Pennsylvania
$422M +$33.5M +313,317 +9%
Fisher Asset Management
16
Fisher Asset Management
Washington
$364M +$17M +159,542 +5%
FCBT
17
First Citizens Bank & Trust
North Carolina
$352M +$306M +2,863,210 +714%
UBS Group
18
UBS Group
Switzerland
$349M -$31.2M -291,710 -8%
Wealthfront Advisers
19
Wealthfront Advisers
California
$311M +$240M +2,242,851 +346%
TF
20
TIAA FSB
Florida
$303M +$23.9M +224,040 +9%
Mercer Global Advisors
21
Mercer Global Advisors
Colorado
$269M +$20.4M +191,151 +8%
AssetMark Inc
22
AssetMark Inc
California
$206M -$7.11M -66,506 -3%
Osaic Holdings
23
Osaic Holdings
Arizona
$171M +$11.2M +104,970 +7%
Mariner
24
Mariner
Kansas
$136M +$952K +8,905 +0.7%
Goldman Sachs
25
Goldman Sachs
New York
$134M -$15.4M -143,927 -10%

MUB Hedge Fund Activity: Q1 2023 in Review

1,205 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in iShares National Muni Bond ETF (MUB) for Q1 2023, worth a combined $26.7B — down 4.8% from $28.1B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new MUB positions and 82 closed out — a net gain of 30 holders — while 522 added to existing stakes and 424 trimmed.

The largest buyer was Envestnet Asset Management, adding an estimated $418M. The largest seller was Fidelity Investments, cutting an estimated $577M.

  • 1,205 institutional investors held iShares National Muni Bond ETF (MUB) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $26.7B of iShares National Muni Bond ETF stock for Q1 2023, down 4.8% quarter-over-quarter.
  • 112 funds opened new iShares National Muni Bond ETF positions in Q1 2023 and 82 closed out, a net change of +30 holders.
  • The largest iShares National Muni Bond ETF buyer in Q1 2023 was Envestnet Asset Management, an estimated $418M added.
  • The largest iShares National Muni Bond ETF seller in Q1 2023 was Fidelity Investments, an estimated $577M sold.

Based on aggregated 13F filings for Q1 2023.